SW Asia Economic Terms

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Across
  1. 1. of currency to another.
  2. 5. currency. In order for them to
  3. 7. price of the oil they exported to other countries.
  4. 9. products.
  5. 11. another
  6. 12. a country in a single year.
  7. 13. the countries with large oil supplies who wanted to work together to try to regulate the supply
  8. 16. GDP, is the total value of all final goods and services produced
  9. 17. products a country makes best and that are in demand on the worldmarket) is a way to build a profitable economy and to earn money to buy items that cannot be made
  10. 18. Natural resources are the raw materials a country has that make life and production of goods
  11. 20. important to economic growth.
  12. 21. OPEC) was created in 1960 by some
Down
  1. 2. for goods as they trade with each other, they had to establish a system of changing from one
  2. 3. Human capital means the knowledge and skills that make it possible for workers to earn a living
  3. 4. Trade barriers are anything that slows down or prevents one country from exchanging goods
  4. 6. Capital goods (the factories, machines, and technology that people use to make other goods)
  5. 8. A tariff is a tax placed on goods when they are brought (imported) into one country from
  6. 10. goods or services.
  7. 14. A quota is a different way of limiting the amount of foreign goods that can come into a country
  8. 15. Entrepreneurs are creative, original thinkers who are willing to take risks to create new businesses
  9. 19. country.