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Economics

7th grade social studies

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Across
5.A ban on trade
6.The value of goods and services produced within a country in a year
9.Another word for money
11.earned money
12.The process by which an economy is transformed from primarily agricultural to one based on manufacturing goods
13.Countries where most people work in agriculture, there are low incomes, and poverty is an issue
16.The condition that exists when countries rely on each other for goods, services, and markets
18.To buy goods and services from other countries
19.resources that cannot be replaced over time, such as petroleum
20.The process by which nations, cultures, and economies become mixed
22.The negative effects of economic growth such as pollution and deforestation
23.Economic system where decisions are made by business owners and consumers through supply and demand
26.Economic system that blends elements of other systems together, like China's economy
27.The removal of trade restrictions so that goods flow freely between countries
28.To sell goods and services to other other countries
29.poor; living on less than $2 a day
30.services and facilities necessary for an economy to function such as transportation systems, water, sewage, communication systems, etc.)
Down
1.Economic system where the government makes all economic decisions
2.The value of goods and services produced within and outside of the country in a year
3.To figure a country's GDP per capita, you would take the GDP and divide it by the country's _____
4.A company like McDonald's with assets in foreign nations
7.Countries that have a great deal of manufacturing and service industries and have high incomes
8.Economic system in which decisions are based on customs and resources are distributed mainly through family
10.Countries that are becoming more industrialized by creating new businesses and are moving away from agriculture
14.The positive effects of economic growth such a building schools and hospitals
15.The level at which a person, group, or nation lives as measured by the extent by which it meets its needs
17.The value of what we give up when we choose something else
21.The sector of the economy that includes jobs that provide services rather than produces goods
22.the knowledge, skills, and experience that make a person valuable to an employer
24.A tax paid on an imported item
25.The international organization that tries to control the price of oil on the world market by controlling the supply and production of oil

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