Unit 8 Economics

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Across
  1. 1. profits of business are used to buy more _______ 8.8.7
  2. 5. when prices go up because of things like supply is lower than demand 8.7.18
  3. 6. ______ nations buy and sellf goods in the global economy 8.8.10
  4. 8. most economies today are this type of economy 8.8.5
  5. 9. competition will be ___)______ as a cost of international trade 8.8.11
  6. 13. in this type of economy owner of property and resources are usually government dicated 8.8.4
  7. 14. the central bank of the United States 8.7.19
Down
  1. 2. prices in the US Economy are determined by this 8.8.6
  2. 3. another word for Federal Reserve Notes 8.7.16
  3. 4. in this type of economy most decisions are based on custom and historical precedent 8.8.4
  4. 7. keeping one of these is a characteristic of fiscal responsibility 8.8.13
  5. 10. these are enforceable by law, and protect private ownership 8.8.15
  6. 11. government involvement is _____ in the US economiy 8.8.6
  7. 12. in this types of economy ownership of property is private and individuals have choice 8.8.4
  8. 14. federal trade commission 8.8.15