Across
- 3. rate The increase in value in goods and services produced by an economy
- 6. Ex: car repair, hair cut
- 7. A specific limit on the number of imports allowed to enter a country
- 9. transporting goods to their final
- 11. economy an economy in wich the government leaders give the answers to the three basic economic questions; communisim/ socialisim; no incentives for workers or equal pay; production is low and quality of life is often poor
- 12. When a country uses its natural resources and skills to produce goods efficiently;
- 13. Economy sosial roles and culture determine how goods are made, sold, and bough; based based on customs that heve been handed down for generations; children often do the same jobs as their parents; very few still around
- 14. The study of how people and countries make decisions about how to use their resources in the most efficient way
- 15. rate The difference of currency between two nations
- 17. trade between countries
Down
- 1. for consumer
- 2. A country's GDP divided by the population of the country
- 3. A physical item that can be bought or
- 4. A tax or fee on imported goods
- 5. Buying goods or services
- 8. Manufacturing goods for consumer purchase
- 10. economy based on individual choices and voluntary trade; businesses all owned by the people; role of government is very limeted; people determine what will and will not be produced by buying or not buying products; consumer answer three economic questions.
- 16. A government order that prohibits trade with other countries