Economic Vocab

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A _______ is any law that limits free trade between nations.

Government goods and services that the public consumes are called?

___________ is income not spent on immediate wants.

Workers sell their labor in exchange for payment, called?

The work that people do is based on long-established customs, is known as?

The process in which countries are increasingly liked to each other through culture and trade is called?

When there are not enough resources to meet people's wants is called?

______ removes trade barriers between nations.