Economics vocabulary MODIFIED Crossword
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
 
 
Down: 2) The sum of government deficits over time.3) an estimate of income and expenditure for a set period of time.5) Land, labor, Entrepreneur, and capital; used to make all goods and services (CELL)6) Government policy that attempts to manage the economy by controlling taxing and spending.7) Unemployment that results from economic conditions (recession). As demand for goods and services falls, demand for labor falls and workers are fired.8) Exporting less than is imported (aka Trade Gap)9) government programs that protect people experiencing unfavorable economic conditions11) An economy in which private enterprise exists in combination with government regulation13) A share of ownership in a corporation.14) A business that is owned by many investors.15) a political & economic theory of social organization that advocates, the means of production, distribution, & exchange should be owned/regulated by the whole community.16) Theory stating that government spending should increase during business slumps and be curbed during booms.18) the study of how households and firms make decisions and how they interact in markets20) satisfaction or usefulness obtained from acquiring one more unit of a product22) anything that serves as a medium of exchange, a unit of account, and a store of value23) a given change in price causes a relatively smaller change in the quantity demanded (not sensitive to price)25) A market structure in which a few large firms dominate a market26) the difference between a lower selling price and a higher purchase price resulting in a financial loss to the seller28) Idea that an initial change in spending will set off a spending chain that is magnified in the economy. Strength depends on amount consumers spend at the new income.29) Economic system in which individuals and businesses are allowed to compete for profit with a minimum of government interference30) Central bank of the US. Regulates commercial banks and adjusts the money supply to meet economic goals31) a phrase that refers to the trade-offs that nations face when choosing whether to produce more or less military or consumer goods35) a charge, usually money, imposed by government on persons or property for public purposes.36) the difference between a higher selling price and a lower purchase price, resulting in a financial gain for the seller37) goods used in place of one another39) a measure of the responsiveness of quantity demanded or quantity supplied to a change in one of its determinants. (sensitive to price)40) The study of how people seek to satisfy their needs and unlimited wants by making choices43) a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.44) a formal organization of producers that agree to coordinate prices and production45) A government tax on imports or exports Across: 1) a market structure in which many firms sell products that are similar but not identical4) a market structure that does not meet the conditions of perfect competition. Occurs in markets that have few sellers or products that are not standardized10) an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.12) The dollar value of all final goods and services produced within a country's borders in one year15) A system for buying and selling shares of companies17) A short-term lack of a product or resource19) A market in which there are many buyers but only one seller.21) level of demand fluctuate with income; increase in wages equals an increase in demand for goods, and a decrease in wages equal a decrease in demand for goods.24) the struggle among producers for the dollars of consumers27) all things used in producing goods and services. We never have enough to satisfy our wants.28) Government policy that attempts to manage the economy by controlling the money supply and thus interest rates.32) products whose demand increases with rising income33) Changes in the structure of the labor force making some skills obsolete. Workers DO NOT have transferable skills and the jobs won't come back.34) movement of a supply curve left or right resulting from a change in one of the determinants of supply other than the price of the good38) a general increase in prices and fall in the purchasing value of money.41) a steady rise in the stock market over a period of time42) Exporting more than is imported.43) unlimited wants but limited resources46) The *one* best option given up when you make a choice including money, time, and forgone opportunity47) a person who receives the benefit of a good but avoids paying for it48) the process by which businesses or other organizations develop international influence or start operating on an international scale.49) A business in which two or more persons combine their assets and skills50) by-products of consumption or production that benefit third parties. Ex: electric cars reduce emissions
 

 

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