Vocabulary words for Unit 4:

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Across
  1. 2. Money granted by the government to assist a business or industry in
  2. 4. , Having a legislature divided into an upper and a lower house. Two houses.
  3. 5. Having a legislature divided into an upper and a lower house. Two houses.
  4. 8. , The way people spend money and the way people make money.
  5. 12. the cost of its product/service.
  6. 13. Continuum , A 0-100 scale which ranks world economies from most
  7. 17. ,Having a legislature divided into an upper and a lower house. Two houses.
  8. 19. cost.
  9. 21. of government direction or intervention.
  10. 22. , The capacity of private citizens to create new businesses
  11. 25. ,Having the power to make laws.
  12. 27. System , Having a legislature divided into an upper and a lower house. Two houses.
  13. 28. , Having a legislature divided into an upper and a lower house. Two houses.
Down
  1. 1. or Capitalist Economy , An economic model with the laws of supply and
  2. 3. , A system of exchange whereby one good/service is given in return for
  3. 6. , Having a legislature divided into an upper and a lower house. Two houses.
  4. 7. party , Having a legislature divided into an upper and a lower house. Two houses.
  5. 9. , Producing only what is necessary for personal use/survival.
  6. 10. Domestic Product (GDP): , The estimated total value of all the final goods and
  7. 11. (not government oversight) determines what is produced/consumed and at
  8. 14. (0) to most market-leaning (100).
  9. 15. produced in a nation in a year’s time.
  10. 16. it does not require monetary exchange.
  11. 18. ,A government where political authority rests with a single leader
  12. 20. minister , Having a legislature divided into an upper and a lower house. Two houses.
  13. 23. , A trade barrier which blocks all trade with another nation
  14. 24. , Term for one’s financial earnings.
  15. 26. per capita , The average annual income of a nation’s citizens