SW Asia Economic Terms

Edit Answers
1234567891011121314151617
Across
  1. 2. OPEC) was created in 1960 by some
  2. 6. Natural resources are the raw materials a country has that make life and production of goods
  3. 7. products.
  4. 8. for goods as they trade with each other, they had to establish a system of changing from one
  5. 10. currency. In order for them to
  6. 12. Capital goods (the factories, machines, and technology that people use to make other goods)
  7. 13. price of the oil they exported to other countries.
  8. 16. , Trade barriers are anything that slows down or prevents one country from exchanging goods
  9. 17. the countries with large oil supplies who wanted to work together to try to regulate the supply
Down
  1. 1. products a country makes best and that are in demand on the world
  2. 2. services.
  3. 3. of currency to another.
  4. 4. Entrepreneurs are creative, original thinkers who are willing to take risks to create new businesses
  5. 5. Human capital means the knowledge and skills that make it possible for workers to earn a living
  6. 9. A quota is a different way of limiting the amount of foreign goods that can come into a country.\
  7. 11. in a single year.
  8. 14. important to economic growth.
  9. 15. GDP, is the total value of all final goods and services produced
  10. 16. A tariff is a tax placed on goods when they are brought (imported) into one country from