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Across 6. ___________ advantage is the good produced most efficiently given the other options p. 392 9. tight connection of producers, consumers and financial systems around the world p. 435 11. using trade barriers to shield domestic industries from foreign competition 13. escalating trade barriers between 2 or more countries can result in a ______ ____ (2) 15. organization of an economy for the purpose of manufacturing things 18. lowering or eliminating barriers to trade to pursue comparative advantage and international cooperation (2) 19. moving parts or all of a company's operations to other countries p. 438 21. ___________ cost what is given up (not produced) when a choice to produce one thing is made 23. converting one country's currency into a foreign currency (2) 26. under Soviet _____ government planners directed the economy and the nation became an industrial giant and military superpower 27. shared needs of countries for resources, goods, services, labor and knowledge from other countries p. 394 28. one effect of trade barriers 29. ____ of trade: the surplus or deficit between a country's imports and exports 32. consistently inadequate nutrition p. 422 33. a market economy must legally protect in order to function (2) 35. refers to the free trade agreement between the U.S., Mexico and Canada 36. means of preventing a foreign product or service from freely entering a nation's territory (2) 39. tax on an imported good 40. the GDP of a nation divided by its total population (2) a rough measure of material prosperity p. 416 41. moving toward a market economy and away from central planning p. 428 42. ___________ advantage is when a person or country can produce more of the product than another person/nation 43. good or service brought in from another country for sale 44. Deng ____ became leader of China after the death of Mao in 1976. p. 431

Down 1. most populous nation in the world today 2. official ban on trade or other economic activity p. 399 3. a kind of trade barrier which places limits on the amount of a good which may be imported 4. countries with high GDP per capita, high life expectancy, low infant mortality have a higher _____ of life 5. the process of improving a country's economics political and social well-being 7. corporations which do business in many countries seeking profits and investing in capital resources but not always aiding developing nations 8. today (since 1973) exchange rates are ____, determined by supply and demand rather than preset rates 10. power plants, transportation, communication, roads, schools, banks, etc. 12. people moving from place to place- within countries and to other countries p. 439 14. independent organizations which raise money to fund aid and development programs: CARE, Red Cross, WWF 15. number of deaths per 1000 live births in a country. Lower means higher level of development (2) 16. average expected life span of an individual (how well an economics system supports life) (2) 17. focusing on making one product in economics- the thing you have an advantage in making 20. countries which are the poorest: Bangledesh, Nepal, Albania are ___ ____ countries (2) 22. percentage of the population who can read and write (2) 24. _________ agriculture: raising just enough food to feed oneself and one's family p. 419 25. large scale destruction of forests in developing nations 30. actions taken by one nation or group of nations to punish or put pressure on another nation 31. development which meets current needs without using up resources needed by future generations 34. problem for LDCs of losing their best, well trained and educated people to developed nations (2) 37. trade______: when a country imports more than it exports in goods and services 38. a good or service sent to another country for sale