Vocabulary S.S

1. An international organization that helps regulate and promote trade between countries
4. When spending is greater than income or revenue
7. An economic system where the government controls some businesses and services to ensure equality
9. A limit on the amount of a product that can be imported or exported
10. An agreement between the U.S. Canada and Mexico to reduce trade barriers
13. Capita Per person : usually used when talking about averages
14. A political and economic system where the government owns all properties and controls all resources
15. Goods or services sent to another country for sale

2. A tax placed on imported goods
3. The total value of all goods and services produced on a country on one year
5. Goods or services brought into a country for sale
6. An economic system where private individuals own businesses and resources
8. When income or revenue is greater than spending
11. The exchange of goods, services, or resources between people or countries
12. The system of how money is made and used within a country or region