Across
- 2. type of money a country uses
- 7. value of what is given up when one choice is made over another
- 8. someone who has an idea for a good or service and takes the risks to produce it
- 10. the percentage of people aged 15 and older that are able to read and write in a country
- 14. economy based on customs and values; live like ancestors
- 16. are things that come from the land like minerals or trees
- 17. examples include factories or machinery
- 18. a tax placed on imported goods
Down
- 1. a limit on the quantity of an item brought into a country
- 3. economy where the government is in total control
- 4. most common type of economy
- 5. when a nation or individual concentrates its productive efforts on producing a limited variety of goods
- 6. the ability to read and write
- 9. a ban on trade with a specific nation or group of nations
- 11. how much one currency is worth when compared to another
- 12. is people who perform labor
- 13. the total value of all goods and services produced by a country in one year
- 15. economy based on supply and demand