Across
- 7. the total value of all goods and services produced within a country's borders during a specific time
- 8. ASEAN Countries
- 11. China's Currency
- 12. ... market is a market in which there are many buyers and many sellers so that each has a negligible impact on the market price
- 14. Factors of Production
- 15. the want-satisfying of a good or service
- 16. The richest country in South East Asia
- 17. to get more of something we like, we have to give up something else that we like
Down
- 1. the largest country in the world
- 2. how much domestic currency can be exchanged for foreign currency
- 3. a fall in the overall price level
- 4. the number of people currently employed in the economy
- 5. two goods for which an increase in the price of one good leads to a decrease in the demand for the other
- 6. society has limited resources and therefore cannot produce all the goods and services people wish to have
- 9. Trade ... - a countries exports exceed its imports
- 10. economics that focuses on the study of the overall, aggregate aspects of an economy. It deals with the performance, structure, behavior of an entire economy
- 13. the goods or services that a country purchases from another country
- 18. ...sloping - Quantity demanded is negatively related to price