Across
- 2. A trade barrier in which one country announces that it will no longer trade with another country in order to isolate and cause problems with that country’s economy
- 7. Anything that slows down or prevents one country from exchanging goods with another
- 10. A person who satisfies a need or want by buying a good or service
- 12. Person or group of people who use resources to make goods or provide services
- 13. The factories, machines, and technology that people use to make products to sell
- 14. The knowledge and skills that make it possible for workers to earn a living producing goods or services
- 16. An economy in which a society’s economic decisions are made by individuals who decide what to produce and what to sell
- 17. Goods and services a country produce and that are in demand on the world market and can be traded for other goods and services
Down
- 1. A system of changing from one type of currency (money) to another
- 3. An economy that has characteristics of both market and command economic systems
- 4. An economy in which most of the economic decisions that are made are based on custom and on the habit of how such decisions were made in the past
- 5. Founded to set oil prices and policies
- 6. A tax placed on goods when they are brought into one country from another country
- 8. The value of all goods and services produced within a nation in a given year
- 9. Creative, original thinkers who are willing to take risks to create new businesses and products
- 11. An economy in which a government planning group makes most of the basic economic decisions for the workers
- 13. Money; something that is used as a medium of exchange
- 15. A way of limiting the amount of foreign goods that can come into a country