Economic Review

3. Type of mortality rate that shows how many babies die out of 1,000 births.
7. An economic system where the government owns farms, factories, and businesses.
10. When this is low, prices usually go up.
11. When countries rely on each other for trade and resources.
14. A person who starts a business and takes risks.
16. Goods a country sells to another country.
17. Rate that measures how many people can read and write.

1. An economic system where business owners make their own decisions with little government control.
2. An economic system where government controls key industries and people pay higher taxes.
4. example of labor in the factors of production.
5. Stores that sell goods in bulk, often to businesses.
6. The average age a person is expected to live (paired with “life”).
7. Another name for a customer.
8. The total value of goods and services a country produces in one year.
9. An example of capital in the factors of production.
11. Goods a country buys from another country.
12. An example of land in the factors of production.
13. Stores that sell directly to consumers.
15. When this is high, prices usually go up.