Economics Vocabulary

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Across
  1. 1. money that is borrowed and must be repaid
  2. 3. Singapore is an example of a ____________ economy
  3. 4. a system for producing and distributing goods and services
  4. 5. government spending that cannot change because law requires that the government spend a certain amount of money on these programs every year
  5. 8. North Korea is an example of a ___________ economy
  6. 9. whatever you give up when you spend money on something
Down
  1. 1. government spending that can change every year
  2. 2. a plan for how to spend your money
  3. 5. The US is an example of a ____________ economy
  4. 6. the money our government brings in, mostly in taxes
  5. 7. resources are limited so we have to make choices about what to do with our resources