The U.S. and the Global Economy

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Across
  1. 1. The buying and selling of goods and services across international borders — Global Trade
  2. 2. When a country sells more goods to other nations than it buys from them — Trade Surplus
  3. 3. The type of economy the United States has that combines free-market principles with some government regulation — Mixed Economy
  4. 4. The economic system in which individuals and private businesses make most economic decisions — Market Economy
  5. 5. A tax on imported goods that makes foreign products more expensive — Tariff
Down
  1. 1. A system in which goods and services are exchanged based on customs and traditions — Traditional Economy
  2. 2. When a country buys more goods from other nations than it sells — Trade Deficit
  3. 3. An organization of countries that agree to trade freely with one another, such as the European Union — Trade Bloc
  4. 4. The system where the government controls all major industries and decides what goods are produced — Command Economy
  5. 5. The practice of nations lowering barriers like tariffs to encourage international business — Free Trade