Unit 7 Social Studies Vocabulary

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Across
  1. 2. trade restriction that limits the number of goods a country can import or export.
  2. 4. A system of government where the people have the power to vote on leaders and laws.
  3. 7. An economic system where decisions are made based on changes in prices that occur as buyers and sellers interact in the market place.
  4. 8. Trading without using money
  5. 11. Countries focus on producing certain goods and services they can provide best and most efficiently
  6. 13. United States-Mexico-Canada- Agreement
  7. 14. A tax or duty to be paid on a particular import or export.
  8. 15. North American Free Trade Agreement
Down
  1. 1. People who provide money to start and operate a business.
  2. 3. Gross Domestic Product is the total value of all the goods and services produced in that country in 1 year.
  3. 5. A ruler who has absolute power
  4. 6. An economic system where all decisions are made by the government.
  5. 9. A type of economic system where all decisions are based on customs, traditions, & beliefs of the past
  6. 10. Resources which are "gifts of nature".
  7. 12. An official ban on trade with a particular country.