Most Commonly-Missed Items from 12/8 Test

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Across
  1. 5. The United States purchased $5 billion in products from Japan and sold $6 billion in products to Japan. This is known as a t________ s_________.
  2. 7. Literacy rate is an example of an e__________ i__________.
  3. 9. The p_______ is the part of the business cycle where GDP stops growing.
  4. 10. When one country can produce a product much easier than another country, it's called a_________ a_________.
  5. 14. N________ helped to make trade easier between the U.S., Canada and Mexico.
  6. 16. I__________ causes the dollar to buy less.
Down
  1. 1. The United States purchased $4 billion in products from Canada and sold $3 billion in products to Canada. This is an example of t________ d________.
  2. 2. D_______ is a general decrease in prices.
  3. 3. The U.S. is considered to be at full employment when our unemployment rate is at _______% (type letters, not numbers).
  4. 4. G________ was originally signed in 1947 by 23 countries. It reduced tariffs which were causing the prices of some imports to double. It was updated and replaced with the World Trade Organization.
  5. 5. The point where GDP stops going down is known as the t________.
  6. 6. The key to trade is s___________.
  7. 8. The United States bought $7 billion in products from Mexico. The United States sold $3.5 billion in products to Mexico. Was this trade deficit or surplus?
  8. 11. E_________ is a period of recovery from a recession where the GDP starts to go up again.
  9. 12. An employee getting laid off during a recession is an example of c___________ unemployment.
  10. 13. The United States bought $3 billion in products from Canada. The United States sold 6.5 billion in products to Canada. Was this a trade deficit or surplus?
  11. 15. This includes 142 countries as members. The purpose of the W_________ is to promote trade by reducing barriers and to increase international trade.