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Civics Ch. 21 Vocabulary

Spell correctly!
Across
A person who buys or uses products and services
The amount of money that banks must have on hand
Special tax breaks for businesses to encourage development
_____trade: the difference in value between a country's imports and exports
A person or company who provides a good or service that satisfies consumers' needs
Method of determining which products or services offer a nation the greatest absolute advantage
Economic policy that involves raising interest rates to decrease the amount of money borrowed and reduce inflation
_____ indicators: economic signs that help economists determine how long the current economic situation will exist
Trade _____: situation in which a nation buys fewer goods than it sells
Trade _____: situation in which a nation buys more goods than it sells
_____ indicators: economic signs that help economists determine how the economy is doing at the present time
Down
The value of an alternative good or service that a company or country has chosen not to produce in order to specialize in something else
The economic rivalry among businesses selling products
The buying and selling of government securities
situation that exists when a country can produce a good better than its trading partners
A negotiated and typically legally binding arrangement between parties as to a course of action
_____ model: an economic model that displays how households, businesses, and the
_____ barrier: a government action that limits the exchange of goods
_____ indicators: Economic signs that help economists make predictions about future economic growth
_____policy: an economic policy that increases the amount of money in the money supply
The systematic use of scientific and technical knowledge to meet specific objectives or requirements