Vocabulary Crossword Puzzle: Economicsfinal - Crossword Puzzles "economicsfinal" made with our Free Crossword Puzzle Maker

Economicsfinal Crossword

Down: 1) the study of the behavior and decision making of entire economics 2) a tax for which the percentage of income paid in taxes remains the same at all levels 4) unemployment that occurs when people take time to find a job 5) to an economist, the alternative that is given up because of a decision 6) ambitious leader who combines land, labor, and capital to create and market new goods and services 7) actions or activities that one person performs for another 9) government agency that provides economic data to Congress 12) the money in checking accounts 13) goods that last a short period of time, such as food, light bulbs, and sneakers 14) a tax on a production or sale of a good 15) situation in which quantity supplied is greater than quantity demanded; also known as excess supply 18) formal contract to repay borrowed money at a fixed intervals 19) a government issued right to operate a business 22) a group of three respected economists that advice the President on economic policy 25) GDP measured in current prices 29) describes demand that is very sensitive to a change in price 30) a cost that does not change, no matter how much of a god is produced 31) a person who wants a job but has given up looking 33) paper currency issued during the Civil War 34) a price index determined by measuring the price of the standard group of goods meant to represent the “market basket” of a typical urban consumer 36) objects that have value in themselves and that are also used as money 39) something that keeps its value if it is store rather than used 40) a tax on the value of property 42) a item that we desire but that is not essential to survival 43) share of earnings given as payment 44) a minimum price for a good or service 46) an economic side effect of a good or service that generates benefits or cost to someone other than the person deciding how much to produce of consume 49) social welfare program that people are "entitled to" if they meet certain eligibility requirements 51) combination of two or more companies into a single firm 52) a person or group of people living in the same residence 55) the price paid for the use of borrowed money 56) government aid to the poor

Across: 2) an income level below that which is needed to support families or households 3) goods and services provided for free or at greatly reduced prices 8) unemployment that rises during economic downturns and falls when the economy improves 10) a tax on the value of a property 11) the skills and knowledge gained by a worker through education and experience 16) the study of how people seek to satisfy their needs and wants by making choices 17) unemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season 20) tax on imported goods 21) government intervention in a market that affects the production of a good 23) authorization to start a business issued by the local government 24) the percentage of the nation’s labor force that is unemployed 26) a cost that rises or falls depending on how much is produced 27) entitlement program that benefits low-income families, some people with disabilities, elderly people in nursing homes 28) the nation’s central banking system 32) term economist use to describe the self-regulating nature of the marketplace 35) the market in which households purchase the goods and services that firms produce 37) law in a city or town that designates separate areas for residency and business 38) money and other valuables belonging to an individual or business 41) : the amount of goods available 45) something like air, food, or shelter that is necessary for survival 47) consumers buy more of a good when its price decreases, and less when it increases 48) taxes that fund social security and Medicare 50) the change in consumption resulting from a change in real income 53) bank that belongs to the Federal Reserve System 54) business organization owned and operated by a group of individuals for their mutual benefit 57) a period of economic growth as measured by a rise in real GDP 58) a partnership agreement 59) an arrangement that allows buyers and sellers to exchange things Specialization: the concentration of the productive efforts of individuals and firms on a limited number of activates 60) period of change in which an economy moves away from a centrally planned economy toward a market-based system 61) an expectation that encourages people to behave in a certain way 62) requiring strict obedience to authority, such a dictator 63) property owned by individuals or companies, not by the government or people as a whole 64) ability to be used as, or directly converted to, cash 65) he right to sell a good or service within an exclusive market

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