Economics

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Across
  1. 7. A negative result of free trade—jobs moving abroad
  2. 8. The economic system where jobs are inherited
  3. 9. Government answers economic questions in this sector
  4. 11. Government-free market idea by Smith
  5. 13. Believed in a classless society and influenced command economies
  6. 15. Mexico and China have this type of economy
  7. 16. A concept by Adam Smith where self-interest guides the market
  8. 18. Free markets promote this, driving innovation
  9. 19. The buying of goods from other countries
  10. 20. A key goal of U.S. foreign policy
  11. 22. Economic freedom is often greater in this political system
  12. 23. The international body that enforces free trade
  13. 25. The U.S. economic sector where individuals make decisions
  14. 30. The class of workers in Marxist theory
  15. 35. Common in traditional economies
  16. 36. Describes today's worldwide business links
  17. 37. The idea of letting markets self-regulate
  18. 40. When nations reduce restrictions on global business
  19. 41. What the U.S. tries to remove in trade
  20. 42. Economic model used by North Korea
  21. 43. Term for businesses operating in many countries
  22. 44. The right to start your own company
  23. 45. Related to economic freedom
  24. 47. In a ______ economy, the government controls production
  25. 48. In free markets, this drives prices and products
Down
  1. 1. A major benefit of free trade
  2. 2. The idea that government should not interfere in the economy
  3. 3. Another term for profit-making goal
  4. 4. Citizens have this right to choose jobs and spend money
  5. 5. The U.K. requires paid time off by law — a government _______
  6. 6. System where decisions are made by individuals
  7. 10. Shared ownership of profits, a Marxist idea
  8. 12. System where individuals make economic decisions
  9. 14. Trade agreement between the U.S., Canada, and Mexico
  10. 17. The class of owners in Marxist theory
  11. 21. System where supply and demand shape the economy
  12. 23. Adam Smith's book about free markets
  13. 24. When a business moves production to another country
  14. 26. Agreement to reduce trade barriers
  15. 27. A country’s exchange of goods with others
  16. 28. When people can own property and businesses
  17. 29. A major industry controlled by Mexico’s government
  18. 31. One reason for trade restrictions (like defense)
  19. 32. Government's role in mixed economy
  20. 33. A nation that reduced its command economy since the 1970s
  21. 34. The ability to buy, sell, and choose how to earn money
  22. 38. The class Marx claimed was exploited
  23. 39. Authority with strong trade opinions
  24. 46. The economic system where people make choices based on customs
  25. 47. North Korea has this type of economy