Across
- 1. An economic system that relies on free markets, private ownership of business, and profit motive
- 8. A corporation that operates in two or more countries
- 10. Was created in the Bretton Woods Agreement to work with the IMF to give long term financial aid to struggling countries.
- 14. The price at which one country's currency can be purchased with another country's currency
- 16. Includes the seven most developed countries with the strongest economies, used to be eight before the removal of Russia
- 17. An economy in which the government does not interfere with business activities while supply and demand are not regulated
- 18. The idea that there is not enough resources to meet all human wants and needs
Down
- 2. The selling of government owned industries to private investors or citizens
- 3. The process of removing barriers to trade
- 4. A government owned business in Canada, created to provide essential services such as Canada Post.
- 5. An agreement signed by the Allied countries in 1944 that established many financial institutions and a system of rules and regulations to promote international trade in the global economy
- 6. Established in the Bretton Woods Agreement to help rebuild countries after war. Now they are mostly known for giving short-term loans to countries in financial aid
- 7. The total value of goods and services produced in a country in a year
- 9. The original agreement between Canada and the United States to make trade more accessible to both countries
- 11. Countries that take financial aid from the World Bank that are already severely in debt to developed nations.
- 12. The opening of an industry to more competition by removing government regulations originally put in place to limit competition
- 13. Development that meets the needs of the present without compromising the ability of future generations to meet their own needs
- 15. The agreement that expanded the FTA to include Mexico