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Economy Crossword
Down
:
1) used to obtain/make what consumers need or want
2) refers to the amount of goods and services that people are able and willing to buy
3) the percentage of the nation's labor force unemployed
4) government payments that support a business or market
7) refers to the amount of a good or service available at any particular price
8) the financial gain made in a transaction
9) the consumption and savings opportunity gained by an entity within a specified time frame, generally expressed in monetary terms
11) process of creating goods and services with the combined use of land, labor, and capital
15) statistics used for judging the health of an economy
17) level of economic prosperity
19) all the money the federal government owes to bondholders
22) the nation's central banking system
24) a business owned and managed by a single individual
27) a business organization owned by two or more persons who agree on a specific division of responsibilites and profits
28) a situation in which a government spends more than it takes in
32) a good that is brought in from another country for sale
34) an organized work stoppage intended to force an employer to address union demands
36) a legal entity owned by individual stockholders
37) value of output produced
41) human wants will always exceed the resources available to fulfill those wants.
43) a situation in which a good or service is unavailable, or a situation in which the quantity demanded is greater than the quantity supplied
46) a required payment to a state, local, or national government
Across
:
5) any form of deferred payment
6) the extra utility or satisfaction derived by a consumer from consumption of the last unit of the commodity
10) any human-made resource that is used to create other goods or services
12) the act or process of buying, selling, or exchanging commodities, at either wholesale or retail price, within a country or between countries
13) a prolonged economic contraction
14) budget in which revenues are equal to spending
16) Gross Domestic Product
18) is the percentage increase in the price of the basket of products over a specific period of time based on the consumer price index
20) coins and paper bills used as money
21) economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets.
23) a tax for which the percentage of income paid in taxes remains the same for all income levels
25) a period of economic growth as measured by a rise in real GDP
26) the using up of goods and services having an exchangable value
29) situation in which the quantity supplied is greater than the quantity demanded, aka excess supply
30) the price of goods or a service at which quantity quantity supplied is equal to quantity demanded, also called the equilibrium price, at the intersection of the demand curve and the supply curve
31) government use of taxing and spending to stabilize the economy
32) an expectation that encourages people to behave a certain way
33) a plan for saving and spending
35) the effort that people devote to a task to which they are paid
38) the change in demand, in response to a change in price of a commodity
39) the actions the federal reserve takes to influence the level of real GDP and the rate of inflation in the economy
40) the price paid for the use of borrowed money
42) a period of macroeconomic expansion followed by a period of contraction
44) economic system that combines tradition and free market with limited government involvement
45) ambitious leader who combines land, labor, and capital to create and market new goods and services
46) a tax on imported goods
47) when a government controls all aspects of economic activity
48) a good that is sent to another country for sale
49) the capacity of a good or service to satisfy some human want
50) a tax for which the percentage of income paid in taxes decreases as income increases
51) income recieved by a government from taxes and nontax resources
52) the most desirable alternative given up as the result of a decision
53) a market dominated by a single seller
54) the system of dispersing goods throughout a community
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