Economics Crossword
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
 
 
Down: 2) a tax for which the percentage of income paid in taxes remains the same for all income levels 4) statistics used for judging the health of an economy 6) the percentage increase in the price of the basket of products over a specific period of time based on the consumer price index8) a legal entity owned by individual stockholders 10) value of output produced 11) a tax for which the percentage of income paid in taxes decreases as income increases 12) government payments that support a business or market 14) used to obtain/make what consumers need or want 17) ambitious leader who combines land, labor, and capital to create and market new goods and services 18) economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets21) any human made resource that is used to create other goods or services 22) the effort that people devote to a task to which they are paid 24) all the money the federal government owes to bondholders 25) the act or process of buying, selling, or exchanging commodities, at either wholesale or retail price, within a country or between countrues 26) a situation in which a good or service is unavailable, or a situation in which the quantity demanded is greater than the quantity supplied 27) process of creating goods and services with the combined use of land, labor, capital 32) the change in demand, in response to a change in price of a commodity 35) budget in which revenues are equal to spending 38) a good that is sent to another country for sale 40) income received by a government from taxes and nontax sources 43) a required payment to a local, state, or national government 45) an organized work stoppage intended to force an employer to address union demands 46) a market dominated by a single seller 47) a tax on imported goods Across: 1) Gross Domestic Product is the dollar value of all final goods 3) a business owned and managed by a single individual 5) when a government controls all aspects of economic activity 7) the percentage of the nation's labor force that is unemployed 8) the using up of goods and services having an exchangeable value 9) coins and paper bills used as money 12) level of economic prosperity 13) human wants will always exceed the resources available to fulfill those wants 15) the nation's central banking system 16) the consumption and savings opportunity gained by an entity within a specific time frame, generally expressed in monetary terms 19) economic system that combines tradition and free market with limited government involvement 20) situation in which the quantity supplied is greater than the quantity demanded; aka excess supply 23) the extra utility or satisfaction derived by a consumer from the consumption of the last unit of a commodity 28) refers to the amount of goods or services that people are able and willing to buy 29) a good that is brought in from another country for sale 30) the price of goods or a service at which quantity supplied is equal to quantity demanded, also called the equilibrium price, at the intersection of the demand curve and the supply curve 31) the financial gain made in a transaction 33) an expectation that encourages people to behave in a certain way 34) a period of macroeconomic expansion followed by a period of contraction 36) government use of taxing and spending to stabilize the economy37) a business organization owned by two or more persons who agree on a specific division of responsibilities and profits 39) the actions the federal government takes to influence the level of real GPD and the rate of inflation in the economy 41) refers to the amount of a good or service at any particular price 42) the most desirable alternative given up as the result of a decision 44) a prolonged economic contraction 48) any form of deferred payment 49) a situation in which a government spends more than it takes in 50) a period of economic growth as measured by a rise in real GPD 51) the capacity of a good or service to satisfy some human want 52) a plan for saving and spending 53) the system of dispersing goods throughout a community 54) the price payed for the use of borrowed money
 

 

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