Economics Chapter 18 Vocab

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Across
  1. 2. single currency of the European Union
  2. 3. group of countries that have agreed to reduce or remove trade barriers and have uniform tariffs for nonmembers
  3. 4. number of live births per 1,000 people
  4. 7. loans that may never be paid back; usually involves loans to developing countries
  5. 8. natural resource that can be replenished for future use
  6. 11. international agency that makes loans to developing countries; formally the International Bank for Reconstruction and Development
  7. 12. condition in which the average number of births and deaths balance so that population size is unchanged
  8. 14. organization formed to oversee a common policy for the sale of petroleum
  9. 16. nonindustrial nations marked by extremely low gross national product (GNP), high poverty rates, and economic instability
  10. 18. legal or illegal export of a nation’s currency and foreign exchange
  11. 19. federal permit allowing a public utility to release pollutants into the air; a form of pollution control
  12. 20. corporations producing and selling without regard to national boundaries and whose business activities are located in several different countries
  13. 21. movement toward a more integrated and interdependent world economy
  14. 22. average remaining life span in years for persons who attain a given age
Down
  1. 1. act of not repaying borrowed money
  2. 2. borrowed money that a country owes to foreign countries and banks
  3. 4. group of sellers or producers acting together to raise prices by restricting availability of a product
  4. 5. international organization that offers advice, financial assistance, and currency support to all nations
  5. 6. established in 1993 by the Maastricht Treaty, its 28 member countries make it the largest single unified market in the world in terms of population and output
  6. 9. government confiscation of private- or foreign-owned goods without compensation
  7. 10. resources that cannot be replenished once they are used
  8. 13. moral principles; generally recognized rules of conduct
  9. 15. small, unsecured loans made primarily to women to help them undertake an income-generating project in a developing country
  10. 17. comparative relationship between things in terms of size, quantity, etc.