Economies and Voluntary Trade SW Asia

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Across
  1. 3. the purpose of this organization is to regulate oil production and prices
  2. 6. a limit on the amount of goods
  3. 12. taxes placed on goods being brought into a country to sell (s on it)
  4. 13. allows countries to trade and the currency can be converted to pay for goods
  5. 14. most countries are this type of economy
  6. 15. specialized in the diamond industry
  7. 16. occurs when different countries choose to exchange goods
  8. 18. type of economy where all decisions are made by the government
Down
  1. 1. a halt or stop to trade for a political purpose (add es)
  2. 2. trade barriers are policies passed by a government to regulate trade
  3. 4. three economic questions- what to _____, how to _____ and for whom to ______
  4. 5. ex-Japan must pay a fee (tax) to bring cars into the US to sell
  5. 7. landlocked country so trade is difficult
  6. 8. natural or man-made obstacles to voluntary trade
  7. 9. encourages trade between countries because no country produces everything it needs
  8. 10. income from oil accounts for 75% of the country's budget
  9. 11. has a diversified economy and exports coal, textiles and food
  10. 17. ex-the UN forbid anyone to sell weapons to Afghanistan after 9/11
  11. 19. type of economy economic decisions are made by private citizens