Across
- 3. there are not enough resources to produce everything people want and need
- 7. most common economic system today; blending of market and command economies
- 8. the total value of all goods and services produced by a country in one year
- 9. level of wealth and material comfort available in a country
- 13. a person who takes the risk necessary to start a new business
- 15. the percentage of adults who can read and write
- 17. the factories, machines, technology, tools, equipment, and any other human-made goods used to make other goods and services
- 18. naturally-made items, such as trees and minerals
- 19. the talents, skills, and labor of people that can be used to produce goods and services
Down
- 1. economic system based on supply and demand; no government control
- 2. focusing on efficiently producing a limited number of goods and services
- 4. the value of what you have to give up in order to choose something else
- 5. how much one currency is worth in terms of the other
- 6. per person
- 10. a limit on the amount of a good that can be imported into a country
- 11. forbid or stop trade with another country
- 12. the type of money a country uses
- 14. economic system where the government makes all of the economic decisions
- 15. the ability to read and write
- 16. a tax placed on imported goods