Government and Economics Vocabulary

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Across
  1. 3. trade barriers that are restrictions on the amount of a good that can be imported into a country.
  2. 4. one leader holds complete power
  3. 6. system which falls somewhere in between pure market and pure command economies.
  4. 9. People who have the right to participate in government
  5. 10. the type of money a country uses.
  6. 13. every country decides how to distribute its resources to meet the needs of its people
  7. 14. how much one currency is worth in term of the other: 10 pesos to the dollar means that ten pesos are worth the same as one dollar.
  8. 16. restrict trade with other countries because they want to sell and produce their own goods.
  9. 17. trade barriers that forbid trade with another country.
  10. 18. democratic government in which the executive and legislative branches are separate bodies elected independently by the citizens (separation of powers); checks and balances where each branch can overrule the other, and the presidents answers to the voters, not the legislature.
  11. 19. expert at a certain skill/production of an item.
  12. 21. the people hold supreme power-elect officials to represent them, and all citizens have equal right to participate in government
  13. 23. competition
Down
  1. 1. system found in agricultural societies where people live the same way their parents and grandparents did; people produce what they need to survive.
  2. 2. system for exchanging from one currency to another to make sure value is equal
  3. 5. A system of governing in which the ruler's power is limited by law.
  4. 7. is a body with the authority to make laws, enforce those laws, and interpret the laws when disagreements arise; oversees the general welfare of its people.
  5. 8. democratic government in which citizens elect the legislature and the leader comes from the legislature members, the two branches are fused together
  6. 11. the government controls what is produced and how it is produced; the government own the resources and decides who gets the products
  7. 12. is an efficient way to work, and the cost of items produced is lower and trade is increased when a country can get what it needs at the lowest cost when produced by someone who specializes in producing that item.
  8. 15. trade barriers that are taxes places on imported goods.
  9. 20. economic decisions are based on what its people want to buy and sell; supply and demand for a good or service determines what to produce and how to produce it; who gets a product is determined by how much a person can afford to pay for it.
  10. 22. buying and selling of items (goods); this occurs because no country has all the resources to efficiently produce everything its people need.