Across
- 1. International organization that works in a variety of ways to improve health for all people
- 4. permission to pay later for goods or services obtained today
- 5. When you give up one option, for another, this is called a
- 7. The main reason countries trade is because they have an ability to produce something at a lower opportunity cost than another country can, which is known as:
- 10. the situation of not having enough resources to satisfy all one's wants
- 12. annual cost of credit expressed as a percentage of the amount borrowed
- 15. the standard measure of the value added created through the production of goods and services in a country during a certain period
- 17. interest-bearing certificate of agreement between a borrower and a lender
- 19. system combining characteristics of more than one type of economy; a market economy that has elements of command and tradition
- 20. country with a high standard of living, a high level of industrialization, and a high per capita income
- 22. when a business or person focuses on the production of one single product or service.
Down
- 1. the promise made by a manufacturer or a seller to repair or replace a product within a certain time period if it is faulty
- 2. occurs on a graph when the supply & Demand meet.
- 3. A lake is an example of which kind of resource
- 6. the difference between the value of a nation's exports and its imports
- 8. percapita means per....
- 9. a protection or a freedom that all people should have
- 11. the use of tactics that make imported goods more expensive than domestic goods
- 13. person who takes risks and starts a new business
- 14. economic conflict that occurs when one or more nations put up trade barriers to punish another nation for trade barriers it erected against them
- 16. shares of a company held by an investor
- 18. a person who has unwillingly left his or her home to escape war, famine, or other disaster
- 21. Spending set by law and does not need to be approved each year.