Unit 5 - SWA Economies: Vocab Quiz #1 (11/2/2022)

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Across
  1. 2. an obstacle introduced to reduce trade - usually to make a political statement or to protect domestic industries from foreign competition
  2. 3. from outside a country (from another country)
  3. 4. economic decisions are based on what people want to sell and buy (supply and demand)
  4. 6. economic punishments forced on a country to achieve a political goal
  5. 8. the state of being short in supply
  6. 10. a tax on imported goods
  7. 12. within or inside a country
  8. 14. when trade with a country is forbidden completely
  9. 15. refers to factors that involve money, business, and/or trade
  10. 17. the development of an increasingly worldwide economy in which countries depend on one another for economic growth
  11. 18. to put money into something in hopes of making a greater profit
Down
  1. 1. an economy that falls somewhere in between a pure market and pure command economy
  2. 5. the ability of people in a society to make economic decisions actions
  3. 7. the government controls all factors of the economy market economy, economic decisions are based on what people want to sell and buy (supply and demand)
  4. 9. selling and shipping goods to another country
  5. 11. people produce only what they need to survive by farming, hunting, or gathering
  6. 13. choosing one specific skill or product to pursue over others
  7. 14. the range of economies from pure market systems to pure command systems
  8. 16. a restriction on the amount of an imported good
  9. 18. buying and shipping goods from another country
  10. 19. money given by the government to a domestic industry/business so that the price of a good or service can compete with imported goods