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PoBMF Goods and Services
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imports: goods and services one country buys from another country
exports: goods and services one country sells to another country
exchange rate: the price at which the currency of one country can buy the currency of another country
balance of trade: the difference in value between how much a country imports and how much it exports
protectionism:limiting trade with other countries to protect business at home
tariff: a tax placed on imported products to make them more expensive than domestic products
quota: a limit placed on the quantities of a product that can be imported
embargo: a ban on the import or export of a product.
barter: trade a good or service directly without using money or credit
consumers: people who use goods and services
goods: tangible objects that satisfy economic wants
producers: people and firms that use resources to make goods and services
resources: basic kinds of resources used to produce goods and services
service: activities performed to satisfy economic wants
PoBMF Goods and Services
Across:2. | a ban on the import or export of a product. | 4. | a tax placed on imported products to make them more expensive than domestic products | 5. | goods and services one country sells to another country | 6. | activities performed to satisfy economic wants |
| 8. | a limit placed on the quantities of a product that can be imported | 10. | trade a good or service directly without using money or credit | 13. | limiting trade with other countries to protect business at home |
| | Down:1. | the difference in value between how much a country imports and how much it exports | 3. | tangible objects that satisfy economic wants | 5. | the price at which the currency of one country can buy the currency of another country | 7. | basic kinds of resources used to produce goods and services |
| 9. | people and firms that use resources to make goods and services | 11. | goods and services one country buys from another country | 12. | people who use goods and services |
| |
© 2016
PuzzleFast.com, Noncommercial Use Only
PoBMF Goods and Services
Across:2. | a ban on the import or export of a product. | 4. | a tax placed on imported products to make them more expensive than domestic products | 5. | goods and services one country sells to another country | 6. | activities performed to satisfy economic wants |
| 8. | a limit placed on the quantities of a product that can be imported | 10. | trade a good or service directly without using money or credit | 13. | limiting trade with other countries to protect business at home |
| | Down:1. | the difference in value between how much a country imports and how much it exports | 3. | tangible objects that satisfy economic wants | 5. | the price at which the currency of one country can buy the currency of another country | 7. | basic kinds of resources used to produce goods and services |
| 9. | people and firms that use resources to make goods and services | 11. | goods and services one country buys from another country | 12. | people who use goods and services |
| |
© 2016
PuzzleFast.com, Noncommercial Use Only