Unit 3 Eonomics: Words of Importance

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Across
  1. 4. An economic system in which people, not government, decide what to make, sell, or buy
  2. 5. a limit placed on the quantities of a product that can be imported
  3. 9. Countries that rely more on industry than agriculture
  4. 12. a form of government in which powers are divided between a central government and local governments
  5. 14. Countries in different stages of moving toward development
  6. 15. An economy in which consumers help determine what is to be produced by buying or not buying certain goods and services
  7. 16. Products a country buys from other countries
  8. 17. Exchange of goods or services based on custom.
  9. 18. More people than a country can support without outside help
  10. 19. The value of all goods and services that a country produces in one year within or outside the country
  11. 20. a means of preventing a foreign product or service from freely entering a nation's territory
Down
  1. 1. An economy in which the government owns most of the industries and makes most of the economic decisions
  2. 2. The average number of people living within a square mile or square kilometer
  3. 3. the knowledge and skills that workers acquire through education, training, and experience
  4. 6. Percent of people who can read and write
  5. 7. An exchange of goods and services based on at least two other types of economic systems
  6. 8. a system of government where the executive branch exists separately from a legislature. President chooses his own Cabinet, most of whom must be approved by legislature.
  7. 10. Products a country sells to other countries
  8. 11. A system in which the local government holds all of the power and the central government depends on the local government for its existence.
  9. 13. Movement from one region or climate to another
  10. 17. a government tax on imports or exports