Across
- 3. Tax on imported goods
- 6. The study of how societies use scarce resources
- 7. Organization promoting free trade among many nations
- 8. The central bank of the United States (Federal _____)
- 9. Economic system where the government controls major industries
- 11. The difference between a country's exports and imports (5 of Trade
- 12. Measure of a country's total economic output
Down
- 1. When a country can produce a good at a lower cost than another (10 Advantage)
- 2. A limit on the quantity of imported goods
- 4. Selling goods to another country
- 5. Goods brought into a country
- 10. Economic system based on private ownership and free markets