Across
- 1. A trade agreement among the U.S., Canada, and Mexico to reduce trade barriers.
- 3. Type of economy where decisions are made based on customs, beliefs, and traditions.
- 4. This economic system features government ownership of key industries, aiming for equal wealth distribution.
- 8. A tax on imported goods used to protect domestic industries.
- 9. A command economy is often associated with this political system.
- 11. The U.S. often runs one of these when it imports more than it exports.
- 12. When a country focuses on producing goods it can make most efficiently, it's called this.
- 14. This country has a mixed economy combining socialism with strong free-market practices.
Down
- 2. An economic system where the means of production are privately owned and operated for profit.
- 5. This economic indicator reflects the rising cost of goods over time.
- 6. This type of economy allows supply and demand to guide production with limited government interference.
- 7. The global institution that monitors international trade and ensures trade flows smoothly.
- 10. A measure of the total value of goods and services produced in a country.
- 13. A country that exports oil and influences global oil prices through a cartel.
- 15. An organization of countries that uses a single currency and operates as a single market.
