Chapter 5 Crossword
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
 
 
Down: 1) Decisions about what to produce, how, and for whom are decided by individuals acting in their own self-interests.3) Refers to machines and technology used in the production of goods and services.4) An insurance program that is sponsored by the federal government and pays benefits to qualified people.10) A program that pays some of the costs of medical and hospital care for people who are 65 or older.12) Earnings after all costs of production have been paid.13) - is the way a society uses resources to satisfy its people’s needs and wants17) The quantity of a particular good or service that consumers are willing and able to buy at a given price.19) The quantity of a particular product that producers are able and willing to make available for sale.22) A situation in which a single company controls the supply of a good or service for which there is no close substitute. Across: 2) decisions about what to produce , how, and for whom are decided by a central government.5) The owners of a corporation.6) An organization that is owned by many people but treated by law as a single entity separate from its owners.7) Are designed to regulate unfair business practices that reduce competition.8) is a social science that examines how societies use scarce resources to produce and distribute good and services that satisfy people’s wants and needs9) Takes the same percentage out of everyone’s income.11) Rivalry between two or more businesses that offer similar goods or services.14) A measure of the efficiency with which goods and services can be produced.15) Take a larger percentage of the income of low income people than of high income people.16) When the price of a product goes down, demand for that product will general go up.18) Takes a larger percentage of the income of high income people than of low income people.20) A required payment to a local, state, or national government.21)  A combination of the command and market economic systems.23) - decisions about what to produce, how, and for whom are based on traditional customs and beliefs of the society.24) The price of a product goes up the supply will generally go up.25) Money collected or received by a government for public use.
 

 

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