economics Crossword Puzzles
Introduction to Economics 2025-05-05
Across
- A type of resource that are people who create products and provide services.
- A company or government that needs money can sell these. An owner of these is paid interest and on a certain future date, gets back the amount he or she paid for the ___.
- A type of resource that are materials from nature that are used to produce goods and services.
- A type of good that is used immediately or within three years and have to be replaced.
- A type of account to keep money that will be used to pay bills or make purchases.
- The abbreviation for a type of account that a person deposits money for a certain amount of time and earns interest. The larger the amount of time, the higher the interest rate.
- The amount of product people want.
- A type of account that requires larger amounts of money in them and earn higher interest than regular accounts.
- An economy based on consumer needs for goods and services. Demand dictates production and price. Citizens are free to develop businesses,so there is a wide choice of goods and services.
- Allows a stockholder to "own" a small portion of a company. A stock-holder receives the right to part of the company's profits.
- An economy where the government controls resources and industries. It determines which goods and services are produced, the amount of goods produced and services available, and who receives them.
- A type of goods that are used to make other goods. (also known as producer goods.)
- A type of resource that are produced and used to make other goods or provide services.
Down
- A type of good that is expected to last more than three years.
- Materials that are available to produce goods and provide services. There are several different kinds.
- A type of goods made for use by individuals to meet their needs and wants.
- A type of account that is a place to keep money and earn interest on it.
- A system that controls the way the country organizes its money and resources to produce and distribute goods and services to satisfy peoples wants and needs.
- An economy based on family and/or community and customs. Work methods and tools change little over time.
- Products people use or consume. There are several different types.
- An economy that is a combination of market economy and command economy. The involvement of privately owned companies and the government are both important to economic success.
- Amount of money needed to buy a product or service.
- The amount of product available for purchase.
23 Clues: The amount of product people want. • The amount of product available for purchase. • Amount of money needed to buy a product or service. • A type of good that is expected to last more than three years. • Products people use or consume. There are several different types. • A type of account that is a place to keep money and earn interest on it. • ...
business and economics 2025-05-07
Across
- "A business organization"
- "The application of scientific knowledge"
- "The action of selling goods or services"
- "The process of selling a product or service"
- "Something new or different"
- "The act of guiding others
- Someone who works for a company
- "A plan of action to achieve a goal"
- "A sector of business"
- "Increasing in size or value"
Down
- "The state of a country's financial affairs"
- "The state of businesses trying to sell the same product"
- "The management of money"
- "An action performed for someone's benefit"
- money you make in a busness
- "A company or enterprise"
- "The process of controlling or directing a business"
- "Someone who buys goods or services"
- "A company that provides goods or services"
- "Looking at facts to understand a situation"
- "The reputation and image of a product"
- "Something that is manufactured for sale"
22 Clues: "A sector of business" • "A business organization" • "The management of money" • "A company or enterprise" • "The act of guiding others • money you make in a busness • "Something new or different" • "Increasing in size or value" • Someone who works for a company • "Someone who buys goods or services" • "A plan of action to achieve a goal" • "The reputation and image of a product" • ...
business and economics 2025-06-10
Across
- customer
- money the bank gives for have money in an account
- regular payment for doing work
- Consumers ability to purchase a product
- activities that a company proforms
- The right as a consumer
- a car
- shops in flemington
- The stuff you are allowed as a consumer
- something to survive
Down
- Apple
- a person who provides the product
- The cost required for something
- a boat
- Iphone
- money towards something
- The amout of goods
- what we miss out on
- Consumer comission
- Money or organization will earn
20 Clues: Apple • a car • Iphone • customer • a boat • The amout of goods • Consumer comission • what we miss out on • shops in flemington • something to survive • The right as a consumer • money towards something • regular payment for doing work • The cost required for something • Money or organization will earn • a person who provides the product • activities that a company proforms • ...
Behavioral Economics Crossword 2025-01-23
Across
- cognitive bias that causes us to rely heavily on the first piece of information we are given about a topic
- is a cognitive bias where the emotional impact of a loss is felt more intensely than the joy of an equivalent gain.
- our habit of adopting certain behaviors or beliefs because many other people do the same
- also known as digital amnesia, is the tendency to forget information that is readily available through search engines like Google
- explains how we tend to assign subjective value to our money, usually in ways that violate basic economic principles
- refers to our tendency to judge harmful actions as worse than harmful inactions, even if they result in similar consequences.
- the tendency to see the past in an overly positive light and to view the present or future in an overly negative light, leading us to believe that things are worse than they used to be
- suggests that we retain information better when there are longer breaks between repeated presentations of that information.
- a cognitive bias that describes how people often avoid negative information, including feedback that could help them monitor their goal progress
- when our decisions are influenced by the way information is presented
- describes how people tend to value items that they own more highly than they would if they did not belong to them
- describes our belief that the probability of a random event occurring in the future is influenced by previous instances of that type of event.
- a cognitive bias that causes us to judge the validity or relevance of information based on its source.
Down
- Feelings of nostalgia, or sentimentality for days gone by, lead us to place increased value on social connectedness and less value on saving money
- when we acquire a new skill, we tend to see opportunities to use it everywhere.
- describes how people tend to believe that others are paying more attention to them than they actually are—in other words, our tendency to always feel like we are “in the spotlight.”
- refers to our tendency to overestimate the level of control we have over our impulsive behaviors.
- our tendency to devote a disproportionate amount of our time to menial and trivial matters while leaving important matters unattended.
- the tendency to believe that someone who has been successful in a task or activity is more likely to be successful again in further attempts
- describes our tendency to underestimate the amount of time it will take to complete a task, as well as the costs and risks associated with that task
- describes our underlying tendency to notice, focus on, and give greater credence to evidence that fits with our existing beliefs
- our tendency to follow through with something that we’ve already invested heavily in (be it time, money, effort, or emotional energy), even when giving up is clearly a better idea
- named after everyone’s favorite Swedish furniture giant, describes how people tend to value an object more if they make (or assemble) it themselves
- people get overwhelmed when they are presented with many options
- normalcy bias describes our tendency to underestimate the possibility of disaster and believe that life will continue as normal, even in the face of significant threats or crises.
25 Clues: people get overwhelmed when they are presented with many options • when our decisions are influenced by the way information is presented • when we acquire a new skill, we tend to see opportunities to use it everywhere. • our habit of adopting certain behaviors or beliefs because many other people do the same • ...
Economics Test Review 2025-01-15
Across
- When tax revenue exceeds expenses you have a _______ surplus.
- "Survival of the Fittest" economic system
- Largest USA trade imbalance
- Economic resources also known as the factors of
- Period in which demand begins decreasing
- When the amount a country imports is more than it exports you have a trade _________.
- The US gets revenue from _________ taxes
- The starting age for the labor force
- Rapidly falling GDP and business failures
- Amount of money one country owes another
- Main cause is reduced demand for goods and services
Down
- Producing and selling goods within a country
- The economist who wrote Wealth of Nations
- Human Resources aka
- How a nation decides to allocate resources
- There are ______ cycles in the business cycle
- Items bought from other countries
- Examples of this economy are North Korea and Russia
- Prices rise on goods and services
- Goods and services sold to other countries
- Production output compared to input
- An economy that represents more than one kind of system
- Dollar value of final goods and services
- Advantage when a country specializes in a product over other countries
24 Clues: Human Resources aka • Largest USA trade imbalance • Items bought from other countries • Prices rise on goods and services • Production output compared to input • The starting age for the labor force • Period in which demand begins decreasing • The US gets revenue from _________ taxes • Dollar value of final goods and services • Amount of money one country owes another • ...
Unit 1 Economics 2025-09-09
Across
- factor of production- goods/machinery that increase production
- factor of production- putting the other three factors together to create a product or service
- a person who consumes products/services- ___ Perspective on demand curve
- a tangible product you can purchase
- an intangible act of assistance
- the price that balances quantity supplied and quantity demanded
- Demand/Supply ____- measurement of supply and demand on a graph
- Demand/Supply ____- measurement of supply and demand in a table
- as price increases, quantity supplied increases
Down
- factor of production- people working on your product/service
- Limited quantities of resources to meet unlimited wants
- when the demand/supply curve increases, the curve shifts _____ (What direction?)
- factor of production- raw materials/agriculture
- the cost of the next best alternative
- when supply outnumbers demand
- how society manages its scarce resources through choices and decisions
- when demand outnumbers supply
- when the supply/demand curve decreases, the curve shifts ____ (What direction?)
- a place where buyers and sellers exchange goods
- as price increases, quantity demanded decreases
- a person who sells a product/service- ____ Perspective on supply curve
21 Clues: when supply outnumbers demand • when demand outnumbers supply • an intangible act of assistance • a tangible product you can purchase • the cost of the next best alternative • factor of production- raw materials/agriculture • a place where buyers and sellers exchange goods • as price increases, quantity demanded decreases • as price increases, quantity supplied increases • ...
Economics Crossword Puzzle 2025-10-11
Across
- – Economic system where the government owns almost all property and production.
- – Increase in a country’s production of goods and services over time.
- – The total value of goods and services produced in a country in a year.
- – Economic system where the government controls key industries.
- – The increasing interconnectedness of economies around the world.
- – Increase in prices reducing the purchasing power of money.
- The central bank of the U.S. that regulates money supply.
- – Person who starts and runs their own business in a capitalist economy.
- – When a country imports more than it exports.
- – Trade agreement between the U.S., Canada, and Mexico.
Down
- – The driving principle of pricing in a free market.
- – Money spent by households, a major component of U.S. GDP.
- – Market structure where one company dominates an industry.
- – Hiring foreign workers or companies to produce goods or services.
- System combining private enterprise and government regulation.
- – The cost of borrowing money, often set by central banks.
- – Economic system where private individuals own businesses and property.
- – The difference between exports and imports.
- – Goods sold to other countries to increase a nation’s income.
- – Place where shares of publicly held companies are bought and sold.
- – Country known for its mixed economy and technological exports.
- – Goods brought into a country from abroad.
- – A tax on imported goods to protect domestic industries.
- – Economic system driven by supply and demand without government interference.
- – A major global economy with a state-led capitalist system.
25 Clues: – Goods brought into a country from abroad. • – The difference between exports and imports. • – When a country imports more than it exports. • – The driving principle of pricing in a free market. • – Trade agreement between the U.S., Canada, and Mexico. • – A tax on imported goods to protect domestic industries. • ...
Economics terms review 2025-11-24
Across
- Movement toward more government involvement in the economy.
- An economy where decisions are made by individuals and businesses based on supply and demand.
- The study of how people, businesses, and governments use limited resources to satisfy unlimited wants.
- Human work effort or skill used to produce goods and services.
- A company owned by the government but run separately.
- Owned by individuals or businesses, not the government.
- A person or business that creates goods or provides services.
- Ways societies organize the production, distribution, and consumption of goods and services.
- A person who buys and uses goods and services.
- Organizations that represent workers and protect their rights, wages, and working conditions.
- Owned by the government on behalf of the people.
- When businesses or individuals compete to sell goods, earn profit, or gain advantage.
- The basic economic problem: there are not enough resources to meet everyone’s needs and wants.
- A publicly owned media organization funded by the Canadian government.
Down
- An economic system with both private enterprise and government involvement.
- The point where supply and demand are balanced.
- When workers stop working to pressure employers for better wages or working conditions.
- An economy where the government makes all major economic decisions about the 3 big questions
- Shared or owned by a group rather than individuals.
- Working together to achieve shared goals or benefit the group.
- The amount of a good or service that producers are willing to offer at different prices.
- A market structure where one company controls all or almost all of a product or service.
- Money, tools, machinery, or buildings used to produce goods and services.
- Movement toward less government involvement in the economy.
- A factor of production referring to natural resources (water, forests, minerals, soil).
- The desire and ability of consumers to buy a product at different prices.
- Negotiations between an employer and a labour union about wages and working conditions.
27 Clues: A person who buys and uses goods and services. • The point where supply and demand are balanced. • Owned by the government on behalf of the people. • Shared or owned by a group rather than individuals. • A company owned by the government but run separately. • Owned by individuals or businesses, not the government. • ...
Economics Crossword Puzzle 2025-11-04
Across
- What year did Smith die?
- What is John M. Keynes known for?
- Smith’s insightful analysis elevated economics to the status of _____?
- What book did Keynes write?
- In the Wealth of Nations, what did Smith believe was a nation’s source of wealth?
- Where is Smith from?
- What type of economist was Keynes considered as until the 1930s?
- Keynes stressed that _____ didn’t cause shifts in the business cycle
- What principles did Smith’s ideas rest on?
- John M. Keynes said that _____ ends a recession or depression?
- What type of capitalism did Smith criticize?
- Keynes wrote his book during the _____?
- During WWII, Keynes’ theories were used by the US and most of ____?
- Keynes thought only the _____ can offset the decline in business
- Where was Keynes educated?
- Where was Smith educated?
Down
- What is Smith’s most famous book?
- What is Adam Smith known as?
- Keynes thought the government could encourage business and consumers to spend by?
- Smith believed in the _____ of the market
- What type of examples did Smith use to critique economic theory?
- When did Smith publish “The Wealth of Nations”?
- When was Smith born?
- Smith argued that for something to have value, it must be _____?
- Where is Keynes from?
- Where did Smith teach?
- Keynes concluded that the problem during the Great Depression was a _____?
- After WWII, Keynes was a representative at?
- In 1945, Keynes negotiated a loan from the US to ____?
- What was established at the Bretton Woods Conference?
30 Clues: When was Smith born? • Where is Smith from? • Where is Keynes from? • Where did Smith teach? • What year did Smith die? • Where was Smith educated? • Where was Keynes educated? • What book did Keynes write? • What is Adam Smith known as? • What is Smith’s most famous book? • What is John M. Keynes known for? • Keynes wrote his book during the _____? • ...
Yuri 2021-10-17
HASS 2024-08-19
Across
- Wealth in the form of money
- to do or be apart of a job
- Multiple of them but operates singly
- at work how workers feel
- exchange for the employees labor
- condition of being a partner
- at work Level of dedication
- possessions
Down
- people who purchase goods
- for profit organization charity
- Expert in economics
- doing work for someone
- A project
- work
- legal entitlement
- Working
16 Clues: work • Working • A project • possessions • legal entitlement • Expert in economics • doing work for someone • people who purchase goods • to do or be apart of a job • Wealth in the form of money • at work how workers feel • condition of being a partner • exchange for the employees labor • at work Level of dedication • for profit organization charity • ...
Unit 6 Lessons 7 + 8 2024-11-25
Across
- Humans are this category of living thing.
- Required
- An empty stretch of land
- An animal at risk of extinction is ______.
- An animal that no longer exists is ______.
- The removal of waste and litter
- Plant
- _______ pets are often illegal.
Down
- A toxic gas
- Related to money/economics
- Beside
- Worldwide
- Representing another person
- How many colors are in a rainbow?
- Poison
- A bird's home
16 Clues: Plant • Beside • Poison • Required • Worldwide • A toxic gas • A bird's home • An empty stretch of land • Related to money/economics • Representing another person • The removal of waste and litter • _______ pets are often illegal. • How many colors are in a rainbow? • Humans are this category of living thing. • An animal at risk of extinction is ______. • ...
the B I G crossword 2022-09-20
13 Clues: my big • the hood • a shared class • evening pastime • where I was born • my favorite color • my favorite store • my unique identity • what I do for a living • guilty musical pleasure • my biggest weakness (lol) • song I danced to last year • the answer to the riddle, last name
jobs 2021-08-16
Across
- makes women’s clothes
- - looks after sick people in hospital
- - land the aeroplane
- writes programmes for computers
- teaches students
- - acts in films and on the stage
- - is an expert in economics
Down
- - cuts hair
- - plays a musical instrument
- - makes bread
- drives a car/bus
- - writes for newspapers
- assistant- sells things
13 Clues: - cuts hair • - makes bread • drives a car/bus • teaches students • - land the aeroplane • makes women’s clothes • - writes for newspapers • assistant- sells things • - is an expert in economics • - plays a musical instrument • writes programmes for computers • - acts in films and on the stage • - looks after sick people in hospital
Money crossword 2024-12-05
12 Clues: Cost • Greed • no charge • Making money • Spending plan • system of money • ticket to get rich • A large amount of money • Money owed to government • When someone is low on money • A person who gets hired by a boss • Production, distribution and consumption
BYOBusiness vocabulary 2022-04-25
Across
- the parts of economics concerned with single factors.
- the parts of economics concerned with large-scale or general economic factors.
- an act or use for which a consumer (for example) is willing to pay.
- an article or substance that is manufactured or refined for sale.
- the number of goods or services that suppliers will produce and sell at a given marketplace.
- a good whose appeal increases with the popularity of its complement.
Down
- a person or thing acting or serving in place of another.
- the surplus earned above the normal return on capital.
- the social performance of a product or a service.
- the amount of money required when buying something.
- the exchange of goods and services takes place when buyers and sellers are in contact with each other.
- condition where the quantity demanded is greater than supplied.
- the amount of an asset or resource that exceeds the portion that's actively utilized.
- a for-profit business organization—such as a corporation, limited liability company (LLC), or partnership—that provides professional services.
14 Clues: the social performance of a product or a service. • the amount of money required when buying something. • the parts of economics concerned with single factors. • the surplus earned above the normal return on capital. • a person or thing acting or serving in place of another. • condition where the quantity demanded is greater than supplied. • ...
Economic Systems 2016-01-13
Across
- amount at which a good or service would be sold in the market
- The condition that exists when wants exceed resources available to satisfy wants.
- “Gifts of nature” that are present without human intervention (ex. land)
- Goods produced and used to make other goods and services.
- Making choices and satisfying the wants and needs of consumer. Economics studies how individuals and societies seek to satisfy needs and wants through incentives, choices, and allocation of scarce resources The word "economics" is from the Greek words οκος [oikos], meaning "family, household, estate," and νόμος [nomos], or "custom, law," and hence literally means "household management" or "management of the state."
- one who buys and uses goods and services
- The knowledge, efforts, and skills people bring to their work, also known as labor.
- an individual's need or desire for a good or a service at a given price
- The type of economy where people believe in doing things the same as they have always been done in the past.
Down
- A combination of a command and market economy.
- The initiative to improve goods and services or create new ones.
- Characterized by more government ownership and central planning. Government, which relies on tax revenues, is far less likely than private businesses to heed price signals or to feel the discipline imposed by market forces.
- things that are necessary for survival
- Economic system that is run by a central government or authority
- how much of a good or service that is available at different prices
- things that are nice to have
- Characterized by private ownership of the means of production (for example, farms and factories), and supply and demand are responsible for the price and allocation decisions. Individuals decide what, how and for whom goods and services are produced.
17 Clues: things that are nice to have • things that are necessary for survival • one who buys and uses goods and services • A combination of a command and market economy. • Goods produced and used to make other goods and services. • amount at which a good or service would be sold in the market • The initiative to improve goods and services or create new ones. • ...
Decision 2023-04-06
Across
- Seraphim's birth name
- Descriptive-decisionism
- "_ County's pointed out as kinda square"
- Ian's least favorite nation
- German-Italian diminuitive for Joseph
- "Join me in _"
- my medicine
- "Last_in Paris"
- acronym of 1st SS
Down
- _ House Prison, where Joe Hill was shot
- Swiss-German-Jurist
- "It's so cold in_"
- Russian for "nothing"
- Shamrock is half
- Carlyle called economics the _ science
- Girl who stooges for Phil Church
16 Clues: my medicine • "Join me in _" • "Last_in Paris" • Shamrock is half • acronym of 1st SS • "It's so cold in_" • Swiss-German-Jurist • Seraphim's birth name • Russian for "nothing" • Descriptive-decisionism • Ian's least favorite nation • Girl who stooges for Phil Church • German-Italian diminuitive for Joseph • Carlyle called economics the _ science • _ House Prison, where Joe Hill was shot • ...
Fun Quiz 2020-11-08
6 Clues: Medium of Exchange • Father of Modern Economics • Agriculture belongs to which sector • Beach Shack owner falls under which sector • Economics that deals with daily consumer habits • total goods,services produced in a country in 1 year
Understanding the Times- Chapter 5 2023-02-10
10 Clues: USA • ECONOMICS • Utopian Society • Ideas of Karl Marx • Owners/Oppressor's • Oppressed/Lower class • realizing who you are • justifies lower class abuses • Abolition of Private Property • struggle=social and economic progress
Engineering Processes 2024-10-14
Across
- Which design principle refers to the use of differences in elements to create visual interest.
- What design principle involves creating a focal point, which draws viewer's attention.
- The feel of a surface is known as ______.
- This is the last step of the design process.
- This is the engineering design principles that focuses on assembling a product.
- This design element represents a path of a moving point in space.
- a series of steps used to solve a problem is called?
Down
- This design element refers to three-dimensional representation of an object.
- This designing principle focuses on the visual appeal of a product.
- A ______ is helps a person to understand how a solution works.
- This is the first step of the engineering design process.
- The factors that drive economics for a product is supply and _____.
- This focuses on the overall cost of the materials and product.
- Which design element refers to the use of light and dark areas to create the illusion of depth and volume?
14 Clues: The feel of a surface is known as ______. • This is the last step of the design process. • a series of steps used to solve a problem is called? • This is the first step of the engineering design process. • A ______ is helps a person to understand how a solution works. • This focuses on the overall cost of the materials and product. • ...
History Economics 1 2022-11-08
Across
- The study of how people use limited resources.
- ___resources are things in the environment we use
- The name of a worker for a company or business.
- When there is not enough of a thing that we want
Down
- ___resources are the people who work in a business.
- The person who studies economics
- ___resources are what is produced or made.
7 Clues: The person who studies economics • ___resources are what is produced or made. • The study of how people use limited resources. • The name of a worker for a company or business. • When there is not enough of a thing that we want • ___resources are things in the environment we use • ___resources are the people who work in a business.
Le vocab de voyage & act 2023-11-01
1700's 2023-10-14
10 Clues: cushion • founder of georgia • mountainous region • largest of the U.S • following the expiry • granted trustees power • protestants in catholic • large expands of grasses • enact their own laws/taxes • created strict guideliness
DISCIPLINE AND IDEAS IN APPLIED SOCIAL SCIENCES 12 ACTIVITY 2024-07-30
10 Clues: Language • Past events • Human statics • Study of mind • Land features • Giving advice • Study of human • Study of human institution • Condition of resources in a country • Way of sending and receiving information
finance 2024-02-12
Across
- direct exchange of goods w/out using currency
- the study of how money is created and used
- privately owned business engaged in making profit
- the transportation of goods services resources ext. across international borders
- those in which the prices of goods/service is determined by gov. or state
- a structure within a society that organizes production distribution and consumption of other goods and services
Down
- where goods/services is exchanges w/out expecting immediate pay
- no gov. presence in economic transactions
- companies that have all control over a certain product/industry
- the goods and tools used to make products
- human ability to produce goods or services that require physical labor or skill
- the range of economic activity in a community
- things like land minerals forests and oil that exist naturally and are used to make goods
- the prices of services and goods are determined by a free system
14 Clues: no gov. presence in economic transactions • the goods and tools used to make products • the study of how money is created and used • direct exchange of goods w/out using currency • the range of economic activity in a community • privately owned business engaged in making profit • where goods/services is exchanges w/out expecting immediate pay • ...
Adam Smith's Contribution to Management 2023-09-01
Across
- Where did Adam Smith lecture?
- In which town was Adam Smith born?
- Nowadays, Adam Smith is commonly referred to as (...... of Economics)
- What was Adam Smith's main scientific field
Down
- Adam Smith's most important work is called (Wealth of .......)
- Most influential theory by Adam Smith is called (Invisible .... theory)
- One of Adam Smiths most important theories is called: (Division of .....)
7 Clues: Where did Adam Smith lecture? • In which town was Adam Smith born? • What was Adam Smith's main scientific field • Adam Smith's most important work is called (Wealth of .......) • Nowadays, Adam Smith is commonly referred to as (...... of Economics) • Most influential theory by Adam Smith is called (Invisible .... theory) • ...
Home Economics Jorja 2016-10-06
Across
- what needs to be washed before you start cooking?
- What kind of heat is a burn caused by?
- what do you use to store your food in?
- what is the standard serving of vegetables?
- what helps develop growth of your bones?
- the steps on how to cook a dish
- what is an abbreviation of tbsp?
- what can be used to serve food on?
- this type of jewellery should be taken off before cooking
- what do you carry it with the blades facing down?
- what can you use to combine ingredients?
Down
- you will gain this if you eat too much food
- what do you use to remove skin off of foods?
- what can you use to warm/heat food?
- a term for your everyday eating habits
- The food needed to make a dish
- what causes food poisoning?
- what do you use to stir, beat, cut , measure etc?
- what is an abbreviation for kg
- to be above your average weight
- what ingredient helps make a dish rise?
21 Clues: what causes food poisoning? • The food needed to make a dish • what is an abbreviation for kg • the steps on how to cook a dish • to be above your average weight • what is an abbreviation of tbsp? • what can be used to serve food on? • what can you use to warm/heat food? • a term for your everyday eating habits • What kind of heat is a burn caused by? • ...
Economics Crossword Puzzle 2015-12-15
Across
- 500 minimum if you make a little amount
- whether or not to start or stop printing money
- use of monetary or fiscal policy changes to kick start a lagging or struggling economy
- multiple owners
- better measurement of countries economy
- cant go below this price
- the most successful part of an economy
- spending too much
- for old people to retire
- wage smallest amount to pay
- value from government
- cant go above this price
- karl marx
- money goes up in value
- A measure of changes in the purchasing-power of a currency
- no taxes
- A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction.
- american economy
- have too much
- dont have enough
- high taxes
- country produce the most
- An examination of the additional benefits of an activity compared to the additional costs of that activity.
- when a country is growing its economy
- assets minus liabilities
Down
- trade with everyone
- we have too much
- consumer price index or GDP
- the state of being useful, profitable, or beneficial.
- how a country is doing
- the state of being scarce or in short supply; shortage.
- when a country is doing bad but not a deppression
- opposed friedman
- high employment rate
- 12 district banks
- one owner
- country doing the best
- dont trade
- hands off government
- born in vienna
- opposed Keynes
- something backs it up
- how the government handles money
- working well
- sustained increase in the general price level of goods
- founder of US economy
- the least successful part of an economy
- US, MEXICO, CANADA
- use the entire world to trade
49 Clues: no taxes • karl marx • one owner • dont trade • high taxes • working well • have too much • born in vienna • opposed Keynes • multiple owners • we have too much • opposed friedman • american economy • dont have enough • spending too much • 12 district banks • US, MEXICO, CANADA • trade with everyone • high employment rate • hands off government • value from government • something backs it up • ...
Economics Crossword Puzzle 2015-12-14
Across
- Surplus
- Deficit
- Domestic Product
- Policy
- A spur or incentive
- Fund- Money saved up for emergancies
- Analysis-Decision making tool to help maximize profits
- 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
- Appreciation
- Wage- The lowest amount of money a company can pay you for work.
- What you are entitled to
- The State of being useful
- Advantage
- have so much of a certain good in stock
- Developed by Adam Smith. Free Market or Free enterprise
- a state of limited competition, in which a market is shared by a small number of producers or sellers.
- Faire- No government interference
- Meynard Keynes
Down
- Enterprise-an economic system in which private business operates in competition and largely free of state control.
- IRA
- Reserve System
- Price Index
- Advantage
- per Capita
- Standard
- Indicators
- Hayek
- a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
- The state of being scarce
- Ceiling- is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply.
- political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs
- Worth- Assets minus liabilities
- exclusive possession or control of the supply or trade in a commodity or service
- enough of a certain product
- Policy
- Smith
- Employment
- Freidman
38 Clues: IRA • Hayek • Smith • Policy • Policy • Surplus • Deficit • Standard • Freidman • Advantage • Advantage • per Capita • Indicators • Employment • Price Index • Appreciation • Reserve System • Meynard Keynes • Domestic Product • A spur or incentive • What you are entitled to • The state of being scarce • The State of being useful • enough of a certain product • Worth- Assets minus liabilities • ...
Economics 8.1 Crosswords 2016-02-16
Across
- Used to describe the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.
- If the quantity of _____________ increases, this will reduce domestic demand pull inflation (AD = C+I+G+X-M).
- What instrument does the government used to protect domestic industries against international competition?
- People often joke about the world shrinking, but in reality, it is simply _______________.
- Old and declining industry
- Driving License but for importing
- What might encourage international specialization between countries?
- A newborn industry
- Competition and ________ are increased due to international trade
Down
- Ban on certain imported good or on all imports from a particular country
- The Limit the government places on import and export (to limit them)
- Where national economy that can engage trade freely with other countries
- What is the movement and exchange of physical goods (materials, component parts, equipment, finished products) as well as services, ideas, currencies and labour across international borders?
- The main arguments against the use of __________ is because they reduce gains of trade
- What neighboring country of the world agreed on to trade freely with each other but imposes tariff on all goods or services from non-member country?
- Increase of international trade can cause ___________ trade
- When you have the ability to make a product or an activity more efficiently than others
- If a country can boost general competitiveness and productivity, then its ____________ will become more competitive and should increase.
- Type of predatory pricing and unfair competition
- A tax or duty to be paid on a particular class of imports or exports
20 Clues: A newborn industry • Old and declining industry • Driving License but for importing • Type of predatory pricing and unfair competition • Increase of international trade can cause ___________ trade • Competition and ________ are increased due to international trade • The Limit the government places on import and export (to limit them) • ...
Economics 101 Crossword 2017-08-29
Across
- an allocation of resources that maximizes total surplus
- the trade of a good or service without a commonly accepted medium of exchange
- taxes levied on imported goods and services
- two goods that are used together; when the price of a complementary good rises, the demand for the related good goes down
- (1) the fairness of the distribution of benefits within the society; (2) the part of an asset that an individual owns. In the case of a house, equity is the part of the selling price that the individual gets to keep after paying off the balance of his or her mortgage
- the market-determined opportunity cost of a good or service; the key determinant of how market economies allocate goods and services
- factors that motivate a person to act or exert effort
- the resources (labor, land, and capital) used in the production process
- a currency's increase in value relative to other currencies
- the production the firm creates
- a group of firms that sell similar products or services
- information conveyed by profits and losses about the profitability of various markets
- the lowest hourly wage rate that firms may legally pay their workers
- a condition existing when a single company supplies the entire market for a particular good or service
- behavior occurring when a foreign supplier sells a good below the price it charges in its home country
- the result of total revenue being less than total cost
Down
- a system that brings buyers and sellers together to exchange goods and services
- a condition existing when a small number of firms sell a differentiated product in a market with high barriers to entry
- a person who conceives and starts a business
- the ability of one producer to make more than another producer with the same quantity of resources
- an attempt to set prices through government involvement in the market
- behavior occurring when resources are used to secure monopoly rights through the political process
- the sum of consumer surplus and producer surplus; also known as social welfare
- a condition occurring at the point where the demand curve and the supply curve intersect
- the study of how people allocate their limited resources to satisfy their nearly unlimited wants
25 Clues: the production the firm creates • taxes levied on imported goods and services • a person who conceives and starts a business • factors that motivate a person to act or exert effort • the result of total revenue being less than total cost • an allocation of resources that maximizes total surplus • a group of firms that sell similar products or services • ...
Economics Vocabulary Review 2017-04-03
Across
- a loan that a person uses to pay for things, but is expected to pay back
- buying stuff without thinking about whether or not you need it Income money earned from working and other means
- something you would like to have but will be okay without
- just like a bank, only its members own it
- a person who is an expert at handling money and can give you information and advice about saving and investing
- something you obtain by going to school and working jobs related to the work you want to do
- the extra fee charged for borrowing money, or the cost of borrowing money
- the knowledge and skills to manage money
- finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store
- a spending plan people make in order to make sure there is enough income to cover all expenses
- Things that are made to be sold
- a place where people put their money for safekeeping, and for ease of use
- when you purchase a security like a stock or bond, in the hopes that over time it will make money
- what you use to pay for something, like cash or a check
- an account that gains interest and allows withdrawals
- payment for work, usually calculated on an hourly, daily, or piecework basis and paid on schedule—usually every week, two weeks, or month
- being trustworthy; being responsible
- a goal that can be achieved in a longer amount of time; it can take months, years, or even an entire lifetime
- what a person owns of value, such as jewelry, savings, art, a home, and a car
- a goal that can be achieved in a short amount of time; it may take a few days, weeks, or months
- a person who starts his or her own business
- an activity or action that might be dangerous
Down
- the price of goods and services rises over time
- a savings certificate that gains interest and has a set time before you can withdraw your money
- stuff you do to make risks less dangerous or not dangerous at all
- considering different information to make a choice
- payment for work, represented as a yearly sum and paid in portions every week, two weeks, or month; can also include sick time and vacation time
- keeping important information to yourself or between yourself and close family members
- helps people pay for medicine and doctors when they are sick or hurt
- a fee added to the sticker price of an item that is paid to the state or city
- the cost we pay when we give up something to get something else
- to use money to buy stuff
- Work people get paid to do
- helps people invest their money
- the cost of the things that people spend money on
- annual tax placed on the money employees make at jobs and collected by the federal government, most states, and some local governments
- doing stuff just because your friends are doing it, or because your friends told you to, because you want your friends to like you and think you are cool
- work you do for money
- giving resources or volunteering time to help those in need
- money set aside for short- or long-term goals
- fees placed on income, purchases, or property to support government programs
- something you truly can not live without
42 Clues: work you do for money • to use money to buy stuff • Work people get paid to do • helps people invest their money • Things that are made to be sold • being trustworthy; being responsible • the knowledge and skills to manage money • something you truly can not live without • just like a bank, only its members own it • a person who starts his or her own business • ...
Economics Group Exercise 2017-03-28
Across
- Key word in partnership
- Answers the question: how much to produce/provide
- Subject to certain laws
- Money generated from operating business
- Provided
- "Going concern"
- ________ has substitutes and complements
- Voting and stating opinion in a business
- Store brand/generic stock
- Anything business owes
- Anything business owns
- Key word in proprietorship
- Legal protection over intellectual property
- Cannot be traced back to source
- The level of economics the Economic Systems operate under
- Determines present behavior
- Non-cutable cost
- Growth, efficiency, equity, security
- Based on expectation
- Price sensitive (responds and reacts to price)
- Tell us that in order to function at all, the economy needs to meet the economic questions
- Business-created shortage
- Price insensitive (does not respond or react to price)
- Used in place of core item
- Parent co can retain percentage of profits and control
Down
- Stays the same regardless of usage
- Traced back to source
- Avoids risk and plays safe
- Ability to differentiate between customers
- What to produce/provide, how to produce/provide, how much, who gets it
- Income left over after bills are paid
- Retain half or more of profits and control
- Person-specific
- Different prices to different customers for the same item
- Used along with core item
- Second advantage of a corporation
- Cutable cost
- Money left over after paying costs
- Type of monopoly that forms from piling up patents and copyrights
- Type of monopoly that forms from out-competing everyone else
- Speed up a project
- Retain 49% or less of profits and control
- Produced
- Legal protection over products
- Varies with usage
- Risk bond
- The level of economics the Economic Environments operate under
- Low mass production, high specialization
48 Clues: Provided • Produced • Risk bond • Cutable cost • Person-specific • "Going concern" • Non-cutable cost • Varies with usage • Speed up a project • Based on expectation • Traced back to source • Anything business owes • Anything business owns • Key word in partnership • Subject to certain laws • Store brand/generic stock • Used along with core item • Business-created shortage • Avoids risk and plays safe • ...
Economics Vocabulary Crossword 2012-01-26
Across
- human factor in production
- money paid to government to provide for public goods and services
- an example of a market economy
- money printed according to amount of gold
- stock prices are dropping
- stock prices are increasing
- an example of a command economy
- some government control, some people control
- amount of goods and services produced in one year
- a reward for owning stocks
- paper money
Down
- when prices increase
- an example of a mixed economy
- comparing product prices from year to year
- very little government control
- services provided by the government
- idea that humans will always want more
- additional money paid when repaying a loan
- raw materials untouched by humans
- place where stocks are bought and sold
- a person who starts their own business
- total government control
22 Clues: paper money • when prices increase • total government control • stock prices are dropping • human factor in production • a reward for owning stocks • stock prices are increasing • an example of a mixed economy • an example of a market economy • very little government control • an example of a command economy • raw materials untouched by humans • services provided by the government • ...
Economics Review Crossword! 2013-04-04
Across
- One positive of capitalism is that is creates _________ between corporations, resulting in better products at cheaper prices.
- An economic system that is capitalist yet provided healthcare/education to the poor is called _____ capitalism.
- America has the _______ highest GDP in the world.
- The percentage of income that is profit, measured year to year
- What GDP stands for (GDP is the measure of the total worth of the total goods of the economy THAT YEAR).
- An economy that has parts of one economic system and parts of another is a ______ economy.
- One of the factors of production; this is the term for the actual people who do the work.
- The amount of money you have from income AFTER taxes/wages/expenditures.
- One of the factors of production; also called resources.
- This negative of capitalism results in a single corporation cornering (controlling) the market on a good.
Down
- An economy that uses supply and demand to determine price is a ______ economy.
- AN economy that has the government determine pricing is a ______ economy.
- An economic theory that private industry should control both land and capital. It is also the primary economic system of America.
- An economic system that is capitalist and has NO government input is called _________ capitalism.
- How badly (or how much) the public wants an item.
- How much of something is put into the market
- One knock of capitalism is that it can create income _______...for example, America's top 1% controls 35-40% of the wealth.
- This negative of capitalism happens when a single firm has too much power, resulting in lower wages for employees.
- One positive of capitalism is that economic freedom usually means more _________ freedom.
- One of the factors of production; this is what we call factories, tools, raw materials, etc.
- An economic system that is capitalist but controlled by the government is called _____ capitalism.
21 Clues: How much of something is put into the market • How badly (or how much) the public wants an item. • America has the _______ highest GDP in the world. • One of the factors of production; also called resources. • The percentage of income that is profit, measured year to year • The amount of money you have from income AFTER taxes/wages/expenditures. • ...
ECONOMICS CROSSWORD PUZZLE 2013-04-14
Across
- pieces of landed property covering tremendous areas, as a way to self-sufficiency.
- Divided the concerns of economics into two separate fields: oikonomiks and chrematistiks.
- A Greek word meaning management.
- Encompassed the activities of money-making as well as some aspects of production.
- ____ Smith, recognized as the founder of Classical School, constructed an explanation on how social behavior is regulated.
- David _______'s most famous work, Principles of Political Economy and Taxation.
- The term _______ Faire meant that the only legitimate form of government revenue derived from the value of land. Also a French phrase meaning "let do".
- He said that with efficient of the Latifunda, it will eventually lead to self-sufficiency.
- He was interested in efficiency .
- "Household-Management"
- An economic concept measured as a ratio of outputs and inputs.
- A Greek word meaning household.
- Dealt with the production and consumption of goods.
Down
- Representation of economic assets, or capital, held by the state (gold, silver, and trade value).
- A group of economists who believed that the wealth of nations was derived solely from the value of land agriculture or land development.
- In 2800 B.C., the Middle East civilization emerged at Iraq, Tigris and _________ river.
- People that wander in large areas and consume resources.
- An economic theory that holds the prosperity of a nation depends upon its supply of capital, and that the global volume trade is "unchangeable".
- He made mention of specialization as the reason for and justification of society.
- In 3000 B.C., the 2nd civilization emerged at India, _____ River.
20 Clues: "Household-Management" • A Greek word meaning household. • A Greek word meaning management. • He was interested in efficiency . • Dealt with the production and consumption of goods. • People that wander in large areas and consume resources. • An economic concept measured as a ratio of outputs and inputs. • ...
Economics Crossword Puzzle 2013-03-03
Across
- Income- total income going to the consumer sector before individual income taxes are paid
- Demand- total quantity of goods and services demanded at different price levels
- Growth- sustained period of which a nation’s total output of goods and services increases
- point in time when real GDP stops declining and begins to expand
- Transaction- economic activity not taking place in the market and, therefore, not included in GDP
- rise in general level of prices
- Unemployment- unemployment caused by fundamental change in the economy that reduces the demand for some workers
- Domestic Product- dollar value of all final goods, services and structures produced within a country’s national borders during a one year period
- combination of stagnant economic growth and inflation
- of Living- quality of life based on ownership of necessities and luxuries that make life easier
- decline in GDP lasting at least 2 quarters or more
- state of being available for work while actively searching for work
- recovery from recession
Down
- Unemployment- unemployment caused by swings in business cycle
- Price Index- index used to measure price changes for a market basket of frequently used consumer items
- Personal Income- personal income less individual taxes
- Unemployment – unemployment caused by workers changing jobs or waiting to go new ones
- point in time when real GDP stops expanding and begins declining
- state of economy with large numbers of unemployed, declining real economies, overcapacity in manufacturing plants, and general economic hardship
- Triangle- table showing the rates of growth of a statistical series between any two dates
- Cycle- systematic changes in real GDP marked by alternating periods of expansion and contraction
- Index-Unofficial statistic that is the sum of monthly inflation and the unemployment rates
- Products- products directly excluded from GDP because they are components of other final products included in GDP
23 Clues: recovery from recession • rise in general level of prices • decline in GDP lasting at least 2 quarters or more • combination of stagnant economic growth and inflation • Personal Income- personal income less individual taxes • Unemployment- unemployment caused by swings in business cycle • point in time when real GDP stops expanding and begins declining • ...
Economics Crossword Puzzle 2013-05-17
Across
- device used to make cashless purchases; money is electronically withdrawn from the consumer's checkable account and transferred directly to the store's bank account
- refers to workers
- exchange of goods and services for other goods and services
- country that has a blend of capitalism and socialism
- an investment for a certain amount of time in which you leave money until it matures
- complete restriction on the import or export of a particular good
- tax placed on an imported product
- The money a business receives for its products or services over and above the costs of producing it
- concept that a nation should produce and export a limited assortment of goods for which is particularly suited in order to maintain profitable
- The various quantities of a good or service that producers are willing to sell at all possible market prices
- system of putting onto computers all the banking functions that in the past were handled on paper
- rate the price of one nation's currency in terms of another nation's currency
- money that has value because a government fiat, or order, has established it as acceptable for payment of debts
- percentage of people in the civilian labor force that is unemployed and actively looking for work
- goods sold to other countries
- partial ownership in a corporation
- goods bought from other countries for domestic use
- unit that allows consumers to do their banking without the help of a teller
- taking over industries by governments without paying for them
- Desire, willingness, and ability to buy a good or service
Down
- use of advertising inform consumers that a new or improved product is available
- Pleasure, usefulness, or satisfaction we get from using a product
- fall in the price of a currency through the action of supply and demand
- change from state ownership of business to private
- offices and agencies of the government that each deal with a specific area
- world’s largest trade organization
- money, goods, and services given by governments and private organizations to help other nations and their citizens
- nations with relatively high standards of living and economics based more on industry than on agriculture
- combination of inflation and low economy activity
- the Federal Reserve System created by Congress in 1913 as the nation's central banking organization
- periods between the time fiscal policy is enacted and the time it becomes effective
- lowering a currency's value in relation to other currencies by government order
- organization of European nations whose goal is to encourage economic integration as a single market
- anything customarily used as a medium of exchange, a unit of accounting, and a store of value
- Total demand for consumers for their good or service
- theory that deals with the relationship between the amount of money the Fed places in circulation and the level of activity in the economy
- The methods, or processes, used to make goods or services
- all the activities needed to move goods and services
- used by Karl Marx for his ideal society
- the absence of spending
40 Clues: refers to workers • the absence of spending • goods sold to other countries • tax placed on an imported product • world’s largest trade organization • partial ownership in a corporation • used by Karl Marx for his ideal society • combination of inflation and low economy activity • change from state ownership of business to private • ...
Public Sector Economics 2013-01-05
Across
- The reluctance of a person to accept a bargain with an uncertain payoff rather than another bargain with a more certain, but possibly lower, expected payoff
- Refers to any tax on non-investment spending, and can be implemented by means of a sales tax, consumer value added tax, or by modifying an income tax to allow for unlimited deductions for investment or savings
- a loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal
- a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others
- a situation in which individuals or organizations consume more than their fair share of a resource, or shoulder less than a fair share of the costs of its production
- A financial charge or other levy imposed upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law
- The slope of the production–possibility frontier (PPF) at any given point
- Retrospective (past) cost that have already been incurred and cannot be recovered
- a cost or benefit that is not transmitted through prices
- The proportional share of the initial amount owed (initial liability) that must be paid to delay payment for 1 year
- A branch of theoretical economics which seeks to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that a set of prices exists that will result in an overall equilibrium
- Representation of the (infinite) set of possible efficient allocations
- A tax that is a fixed amount, no matter the change in circumstance of the taxed entity
Down
- A tax imposed so that the effective tax rate increases as the amount to which the rate is applied increases
- a real-valued function that ranks conceivable social states (alternative complete descriptions of the society) from lowest to highest
- a condition on the cost-technology of an industry whereby it is most efficient (involving the lowest long-run average cost) for production to be concentrated in a single firm
- A condition of economic equilibrium which takes into consideration only a part of the market, ceteris paribus, to attain equilibrium.
- the percentage change in quantity demanded caused by a percent change in price
- The cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen)
- The amount by which consumption of taxed good is reduced because of the worsening of the standard of living
- The study of government policy through the lens of economic efficiency and equity
- A tax system with a constant marginal rate, usually applied to individual or corporate income
- Resource allocations that have the property that no one can be made better off without someone else being made worse off
- The extent to which consumption of taxed good is reduced because of the increased relative price
- The analysis of the effect of a particular tax on the distribution of economic welfare
- The study and implementation of how best to design a tax to minimize distortion and inefficiency subject to increasing set revenues through distortionary taxation in the market.
- A phenomenon occurring when expansionary fiscal policy causes interest rates to rise, thereby reducing investment spending
- A majority rule voting system will select the outcome most preferred by him
28 Clues: a cost or benefit that is not transmitted through prices • Representation of the (infinite) set of possible efficient allocations • The slope of the production–possibility frontier (PPF) at any given point • A majority rule voting system will select the outcome most preferred by him • ...
Labour Economics Crossword 2012-12-27
Across
- Is the point where a person stops employment completely.
- Is a system under which people are treated as property to be bought and sold, and are forced to work.
- Employment level, unemployment level, labour force, and unfilled vacancies could be called as.
- Process of negotiations between employers and a group of employees aimed at reaching agreements that regulate working conditions.
- Occurs when people are without work and actively seeking work.
- Is a financial plan and a list of all planned expenses and revenues.
- Rotation of workers according to physical space.
- Form of unemployment resulting from a mismatch between demand in the labour market and the skills and locations of the workers seeking employment.
- Concept that provides certain guarantees for pregnant women.
- Population that is not included into labour force. Economically...
- Body of laws, administrative rulings, and precedents, which address the legal rights of, and restrictions on, working people and their organizations.
- Is a measure of the work done by human beings.
Down
- Stock of competencies, knowledge, social and personality attributes embodied in the ability to perform labor to produce economic value.
- Insurance against the risk of incurring medical expenses among individuals.
- Solicitation for money or food.
- Indicator of labour mobility that reflects intensity of mobility.
- Indicator of labour mobility that reflects number of mobile population.
- Organization of workers who have banded together to achieve common goals.
- Total hours (adjusted for intensity of effort) that workers wish to work at a given real wage rate.
- People who are crippled or otherwise physically handicapped.
- Rotation of workers across a set of jobs.
- Is the consumption and savings opportunity gained by an entity within a specified timeframe, that is generally expressed in monetary terms.
- Is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.
- Is a contract for a fixed sum to be paid regularly to a person, typically following retirement from service.
- Form of unemployment that occurs when a worker is searching for, or transitioning from one job to another.
- Is generally considered an altruistic activity, and is intended to promote good or improve human quality of life, which in return produces a feeling of self-worth andrespect, but financial gain.
- Is a contract between two parties, one being the employer and the other being the employee.
- The amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year.
- Is remuneration paid by an employer to an employee.
29 Clues: Solicitation for money or food. • Rotation of workers across a set of jobs. • Is a measure of the work done by human beings. • Rotation of workers according to physical space. • Is remuneration paid by an employer to an employee. • Is the point where a person stops employment completely. • People who are crippled or otherwise physically handicapped. • ...
Economics Unit 1 2013-01-07
Across
- / Sum of people's skills, abilities, health, and motivation
- / Benefit until it is no longer scarce and benefit reaches its margin
- / Economic product that is consumed collectively
- / Investing on goods to recieve profit
- / The ability of risk taking individuals to develop new products and start new businesses in order to make profits
- / Relaxation or removal of government regulations on buisness activities
- / The value of the next best alternative given up for the alternative that was chosen
- / A system in which individuals own the factors of production and make economic decisions through free interaction while looking out for their own and their families' best intrests
- / Sacrificing one good or service to purchase or produce another
- / Tools, equipment, and other manufactured goods used to produce other goods and services
Down
- / A market to sell goods
- / Degree to which productive resources are used effectively
- / Assignment of tasks so that each worker performs fewer functions more frequently
- / A system in which the government controls the factors of production and makes all decisions about their use
- / Act of buyers and sellers freely and willingfully engaging in market transactions
- / Extra cost of producing one additional unit of production
- / Previously manufactured goods used to make other goods and services
- / Government adding regulations to buisness activities
- / The result once inputing resources to make goods
- / Division of work into a number of seprate tasks
- / Using resourses to ultimately result with a product which is refered to as the output
- / Condition of not being able to have all of the goods and services one wants, because wants exceed what can be made from all available resources at any given time
- / Market where goods and services are offered for sale
- / Giving money to a certain patent/company to later get a positive profit
24 Clues: / A market to sell goods • / Investing on goods to recieve profit • / Economic product that is consumed collectively • / Division of work into a number of seprate tasks • / The result once inputing resources to make goods • / Government adding regulations to buisness activities • / Market where goods and services are offered for sale • ...
Economics Key terms 2014-06-07
Across
- occurs when there is an excess supply
- the amount of amount of money received for a good or service.
- intersection of supply and demand curves
- quantity of the good sellers are willing to sell at a certain price
- change in price results in a small change in quantity demanded
- party offering the good or service
- The highest price the consumer would be willing to pay for an additional unit
- a network of buyers and sellers to exchange goods and services
- the sense of well being or satisfaction a person derives from a good
- quantity of good the buyers are willing to buy at a certain price
Down
- occurs when there is an excess demand
- Demand increases when income increases
- party seeking the good or service
- change in price results in a large change in quantity demanded
- The cost of producing another unit
- costs of producing the good
- Implemented by government to help consumers
- Implemented by government to help producers
- Demand increases when income decreases
- type of good where an increase of price in one causes a rightward shift of demand curve for the other
20 Clues: costs of producing the good • party seeking the good or service • The cost of producing another unit • party offering the good or service • occurs when there is an excess supply • occurs when there is an excess demand • Demand increases when income increases • Demand increases when income decreases • intersection of supply and demand curves • ...
Chapter 1 Economics 2015-03-18
Across
- goods that we cannot reach out and touch, such as friendship
- the physical and human effort used in the production of goods and services
- the study of choices we make among our wants and limited resources
- the equipment and structures used to produce goods and services
- a testable proposition
- when two events occur together
- intangible items of value provided to consumers
- the process of combining labor, land, and capital to produce goods and services
- a statement or proposition used to explain and predict behavior in the real world
- when an economy gets the most out of its scarce resources
- the process of buyers and sellers exchanging goods and services
- items that we do not desire or want
Down
- when one event brings about another event
- the study of household and firm behavior and how they interact in the marketplace
- items we value or desire that we can reach out and touch
- the natural resources used in the production of goods and services
- the total amount
- the study of the whole economy
- items we value or desire
- when human wants exceed available resources
- inputs used to produce goods and services
21 Clues: the total amount • a testable proposition • items we value or desire • the study of the whole economy • when two events occur together • items that we do not desire or want • when one event brings about another event • inputs used to produce goods and services • when human wants exceed available resources • intangible items of value provided to consumers • ...
Basics of Economics 2015-02-03
Across
- A lot of money
- Off Compromise
- Motive Goal is to make money
- market Business can go and purchase resources to produce goods
- something that is required
- Exchange buyers and sellers engaging in market transactions
- Short supply
- Growth Increase in the amount of goods produced.
- Person who organizes & manages any enterprise.
- Wealth & resource of a country
- Benefit or advantage of something
- Wealth in the form of money
- Useful, profitable, or Beneficial
Down
- To have a strong desire for something
- Enterprise private business operates in competition and largely free of state control.
- Market Referred to when pitching a new product to the public
- Physical work
- The ground
- Producing something
- of Living degree of wealth and material available to people
- Action of helping
- Sovereignty needs of consumers control the output of producers.
- Competing for something
- Cost: Loss of potential gain
- Capital Economic resource in terms of money
- of value Goods that are crucial to humans are cheaper
26 Clues: The ground • Short supply • Physical work • A lot of money • Off Compromise • Action of helping • Producing something • Competing for something • something that is required • Wealth in the form of money • Motive Goal is to make money • Cost: Loss of potential gain • Wealth & resource of a country • Benefit or advantage of something • Useful, profitable, or Beneficial • ...
Economics Unit 2 2015-02-17
Across
- This change in demand would be taking place if a lot of people started moving away from Yarmouth.
- The Law of ______ states that as prices rise, this rises too.
- A change in technology (which is a change in supply)usually reduces the cost of _____________.
- _________want the price to be as high as possible.
- The compromised price between consumers who want the lowest prices possible and sellers who want the highest.
- This change in demand is the understanding that if potential buyers ______ increases, they will be willing to buy more.
- The process by which a buyer and seller arrive at a mutually acceptable price.
- ________ and Environment
- The Law of Demand states that as ______ rise, demand falls.
- Price of ______ outputs is a change in supply in which suppliers shift their production dependent on market prices.
Down
- A restriction placed on the amount of product that a consumer is allowed to produce.
- Price of ________ Goods is basing buying decisions off the cost difference between a desired good and it's _________ good.
- Having more product than is demanded.
- Buyers want the price to be as ____ as possible.
- Having not enough product to satisfy demand.
- Government intervention to prevent sellers from getting to little for their product or service.
- An illegal market outside of the formal economy.
- Government intervention to prevent consumers from paying too much for a product or service.
- This change in supply is related to the flux in supply based on changes in production _____.
- _______ and Preferences
- Expectations, described as consumers buying habits being shaped by future market expectations is a change in _______.
21 Clues: _______ and Preferences • ________ and Environment • Having more product than is demanded. • Having not enough product to satisfy demand. • Buyers want the price to be as ____ as possible. • An illegal market outside of the formal economy. • _________want the price to be as high as possible. • The Law of Demand states that as ______ rise, demand falls. • ...
Economics Ch.5 2021-10-06
Across
- government interference in a market that has an impact on a product's manufacturing
- change in output from result of adding one more unit of labor
- a government payment aiding a company or market
- a graph of the amount of a good provided at different costs
- a chart showing how much of a supply a provider will offer at different prices
- a graph of the amount provided of a good by all providers at different prices
- the profit gained from selling one more unit of a product
- a level of production in which the labor's marginal product rises as the number of workers grows
- a level of production where labor's marginal product drops as the number of worries rises
Down
- a measure of how amount supplied responds to price changes
- a chart showing how much of a supply all merchants will offer at different prices
- a tax imposed on the manufacture or sale of a product
- tendency of providers to offer more of a good at a higher price
- factor that won't change
- a cost that remains constant
- a cost that rises or declines in relation to the amount of goods produced
- amount a provider is willing & able to give at a fixed price
- sum of fixed and variable cost
- amount of goods available
- the price of running a business, such as a store or a facility
- the price of making one or more units of a product
21 Clues: factor that won't change • amount of goods available • a cost that remains constant • sum of fixed and variable cost • a government payment aiding a company or market • the price of making one or more units of a product • a tax imposed on the manufacture or sale of a product • the profit gained from selling one more unit of a product • ...
Economics - Humanities Exam 2021-01-19
Across
- A person who purchases goods and services for personal use
- the physical and mental abilities people use to produce goods and services
- Weighing what you sacrifice compared to what you gain to help you make the best decision
- a transaction where no physical object is being transferred between the producer and the consumer
- the market in which households purchase the goods and services that firms produce
- market in which firms purchase the factors of production (capital, land, labor) from households
- government intervention in a market that affects the production of a good
- a graphic representation of transactions within an economy
- Goods, such as clean air and clean water, that everyone must share.
- benefits given by the government directly to individuals: cash transfers (Social Security payments and retirement payments to former government employees) or (in-kind transfers) food stamps and low-interest loans for college education.
Down
- any material provided by nature that can be used to produce goods and services
- The tools, equipment, and buildings that are used to produce goods and services
- Fees for the support of government required to be paid by people and businesses
- not having enough resources to fulfill all the unlimited wants
- the ability to keep in existence or maintain
- accepting the risk of starting and running a business
- 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.
- A person, company, or country that makes, grows, or supplies goods or commodities for sale
- the study of choices people make to satisfy their wants and needs
- what you give up when you make a choice
- external motives/factors that explain people's choices
- physical objects that are produced by producers and consumed by consumers
- something people desire but is not necessary for survival
- something necessary for survival
24 Clues: something necessary for survival • what you give up when you make a choice • the ability to keep in existence or maintain • accepting the risk of starting and running a business • external motives/factors that explain people's choices • something people desire but is not necessary for survival • A person who purchases goods and services for personal use • ...
Exam Review - Economics 2021-12-14
Across
- Opportunity cost states that there is no such thing as a ________ lunch. There is always a cost for the choices you make.
- The key to trade is __________.
- Consists of 27 member states in Europe; also known as the European Community (EC).
- All resources are limited.
- Goods purchased from another country and brought into a home country (coming into a country).
- A good that is unable to be touched or grasped, not having physical presence. Another name for "service."
- A factor of production; people who invest time and money to run a business.
- An example of this kind of good is hot dogs and hot dog buns, waffles & syrup. When one price goes up, it may affect the sales of the other.
- When producers make too much of a product and have to reduce the price to sell it.
- This acronym represents an agreement that was signed by 23 countries; it did away with import quotas and reduced the price of tariffs.
- There is an opposite relationship between price and quantity. When the prices goes down, consumers buy more.
- The study of the way a nation (or business or person) uses its limited resources to satisfy unlimited wants and needs.
- When the price of one country's currency is described in terms of another country's currency.
- A listing that shows the quantity demanded (of a product) at all prices that may occur in a market at a given time.
- Goods bought and used by customers, rather than by manufacturers for producing other goods.
- In this type of economy, government controls the factors of production.
- Goods we buy often and can't live without (toothpaste, water, milk, bread).
- The study of the economics of a small unit, such as a family or business.
- This economic system is commonly found in rural settings or in 2nd/3rd world nations.
- The way a nation uses its productive resources to produce and distribute goods and services.
Down
- This concept means less government involvement; supply and demand will govern the market by themselves, there's no need for government interference.
- The quantities of a product consumers are willing and able to buy at various prices given a period of time.
- This acronym represents a tax in Europe that is distributed to members based on need.
- Limits based on the quantities that can be imported.
- Goods sold from a home country to another outside country (going out of a country).
- In this type of economy, there is market competition and private ownership of land.
- When producers do not make enough of a product.
- There is a direct relationship between price and quantity. If sellers can get a higher price, they will make more of a product.
- An order by government prohibiting movement of ships into or out of ports.
- The quantities of a product that sellers are willing and able to produce at a given price.
- The single currency in Europe that replaced individual nation currencies.
- This acronym represents a trade organization that consists of 142 countries around the world.
- A good meant to last for a short time or have a one-time use.
- Inexpensive items that require little effort to buy, usually unplanned purchases.
- A factor of production; money, buildings, equipment and tools used to run a business.
- When a country is able to produce more of a given product than another, it has a(n) __________.
- When a country earns more on exports than it spends on imports, there is a ________.
- The study of the economics of an entire country.
- The point where the supply curve and the demand curve intersect.
- A factor of production; everything contained in the earth or sea.
- When a country spends more on imports than it earns on exports, there is a ________.
- This acronym represents an agreement that made trade easier among the U.S., Canada, and Mexico.
- In this type of economy, there is more government involvement than capitalist nations, but government runs key industries such as transportation and banking.
- Any good you can physically touch.
- The amount earned when calculating the equilibrium (price x qty).
- The Father of Economics.
- A good meant to last for years.
- A factor of production; all people who work.
- Taxes placed on imports.
49 Clues: The Father of Economics. • Taxes placed on imports. • All resources are limited. • The key to trade is __________. • A good meant to last for years. • Any good you can physically touch. • A factor of production; all people who work. • When producers do not make enough of a product. • The study of the economics of an entire country. • ...
Economics review 1 2022-09-07
Across
- study of the choices that individuals and societies make in the production, distribution, and consumption of goods
- compared to those it purchases from other countries
- desire, a longing, an appetite for something
- of the Austrian School of Economists also found the Diamond-Water Paradox
- Smith was a professor of___________ _______
- value of all the thing people own
- asks why rare items command high prices while necessities usually command low
- the human activity that results in the creation of goods and services
- habit of spending more than one can afford
- the wealth of nations (father of economics)
- in a free market resources are allocated with the greatest________
- that seeks to help those making decisions to make wise choices
Down
- difference in value of the goods that a country sells
- any system for the production, distribution and consumption of goods
- establishment of colonies and extensive territories created to benefit their mother countries
- used in the production and distribution of goods and services
- of goods, or performance of tasks, based upon comparative advantage
- worth that consumers attach to it
- on imported goods
- system for the production,distribution and consumption of goods and services
- source of wealth
- French term meaning "let alone"
22 Clues: source of wealth • on imported goods • French term meaning "let alone" • worth that consumers attach to it • value of all the thing people own • habit of spending more than one can afford • Smith was a professor of___________ _______ • the wealth of nations (father of economics) • desire, a longing, an appetite for something • ...
Economics and Consumerism 2022-06-17
Across
- Health care paid for by taxes.
- Tax paid at the time of buying a product or service, and based on a percentage of the price of the product or service.
- Money made from a product or service above and beyond the cost of providing the product or service.
- Tax based on a percentage of a person's income.
- A condition where the costs of living increases as a result of raising prices and wages.
- A financial plan showing expected income and expenditures over a period of time.
- Healthcare payed for by individuals.
- A person or nation engaged in fighting during a war.
Down
- A concept in statistics that means the middle number in a set of data organized in order of least to most.
- A federal sales tax in Canada.
- Services provided by government to reduce economic inequalities and promote the well-being of citizens.
- Economic activity based on buying and selling products and services illegally.
- A decision made by consumers to stop buying a product or service as a way to bring about change.
- A state formally cooperating with another for a military or other purpose.
- A collection of weapons and military equipment stored by a country, person, or group.
- Misrepresenting what you earn to avoid paying taxes.
- A toll or tax charged by a government on goods which are imported and exported.
- A series of military operations intended to achieve a particular objective, confined to a particular area, or involving a specified type of fighting.
- A commander of an army, or an army officer of very high rank.
- The wants and needs of consumers for products and services.
20 Clues: A federal sales tax in Canada. • Health care paid for by taxes. • Healthcare payed for by individuals. • Tax based on a percentage of a person's income. • Misrepresenting what you earn to avoid paying taxes. • A person or nation engaged in fighting during a war. • The wants and needs of consumers for products and services. • ...
Economics and Consumerism 2022-06-17
Across
- A condition where the costs of living increases as a result of raising prices and wages.
- Money made from a product or service above and beyond the cost of providing the product or service.
- A federal sales tax in Canada.
- Health care paid for by taxes.
- Tax based on a percentage of a person's income.
- Healthcare payed for by individuals.
- A concept in statistics that means the middle number in a set of data organized in order of least to most.
- A toll or tax charged by a government on goods which are imported and exported.
- A collection of weapons and military equipment stored by a country, person, or group.
Down
- Tax paid at the time of buying a product or service, and based on a percentage of the price of the product or service.
- Services provided by government to reduce economic inequalities and promote the well-being of citizens.
- A financial plan showing expected income and expenditures over a period of time.
- Economic activity based on buying and selling products and services illegally.
- A series of military operations intended to achieve a particular objective, confined to a particular area, or involving a specified type of fighting.
- A person or nation engaged in fighting during a war.
- A commander of an army, or an army officer of very high rank.
- A decision made by consumers to stop buying a product or service as a way to bring about change.
- Misrepresenting what you earn to avoid paying taxes.
- A state formally cooperating with another for a military or other purpose.
- The wants and needs of consumers for products and services.
20 Clues: A federal sales tax in Canada. • Health care paid for by taxes. • Healthcare payed for by individuals. • Tax based on a percentage of a person's income. • A person or nation engaged in fighting during a war. • Misrepresenting what you earn to avoid paying taxes. • The wants and needs of consumers for products and services. • ...
The Lorax Economics 2022-06-30
Across
- The Aunt's scarf
- "I am the Lorax, I ..... for the trees"
- the degradation of the natural spaces and the living things.
- Ted's family
- Ted's Transport
- the ability to continue doing something indefinitely
Down
- "where the birds never sing, and the grass never grows"
- plastic and fake
- axes
- Loss of species
- 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.
- loves trees
- The Thneed Entrepeneur
- ...... someone like you cares a whole awful lot, nothing is going to get better, its not.
- trufalla trees
- Air pollution from factories
- "A tree falls the way it ....."
- Making Zillions from selling fresh air
- Cuddly furry animals in Paradise
- how a business owner gets an income
20 Clues: axes • loves trees • Ted's family • trufalla trees • Loss of species • Ted's Transport • The Aunt's scarf • plastic and fake • The Thneed Entrepeneur • Air pollution from factories • "A tree falls the way it ....." • Cuddly furry animals in Paradise • how a business owner gets an income • "I am the Lorax, I ..... for the trees" • Making Zillions from selling fresh air • ...
Economics Unit 1 2022-02-11
Across
- A Factor of Production, tools and people
- Irreversible condition, there will not be more later
- Economic System controlled by buyers and sellers
- A point inside the line of a PPF
- Economic System based on tradition
- Economic System that has traits of all others
- A Factor of Production, idea to bring other factors together
- A Factor of Production, work that people do
- The opportunity cost of a curved line on a PPF
- Economic System where government controls all
- Economic System where government acts like a parent
- the method used by a society to produce goods
Down
- A point on the line of a PPF
- The opportunity cost of a straight line on a PPF
- Economic System where government acts like a referee
- Goods and Services, one can go without
- Goods and Services, there is no alternative
- The study of choices
- Economic System controlled by government
- Reversible condition, there will be more later
- Most desirable alternative given up
- Doesn't cost anyone, anything
- A Factor of Production, natural resources
- A point beyond the line of a PPF
24 Clues: The study of choices • A point on the line of a PPF • Doesn't cost anyone, anything • A point inside the line of a PPF • A point beyond the line of a PPF • Economic System based on tradition • Most desirable alternative given up • Goods and Services, one can go without • A Factor of Production, tools and people • Economic System controlled by government • ...
(Somewhat) Everything Economics 2022-10-07
Across
- the value of the next best alternative
- Costs (or benefits) that fall on others
- Trade _____ happens when exports are more than imports for a country
- a minimum price set by the government above equilibrium
- Adam Smith believed that people working in their own _____ would work hard and produce what consumers want
- A sustained decrease in the general price level of goods and services over time
- ____ opens new markets where surplus goods can be sold and allows for cheaper goods to be imported
- the relationship between price and the quantity producers are willing and able to provide
- goods which are produced abroad and sold in the United States
- ____ keeps prices low
- the relationship between price and the quantity consumers are willing and able to purchase
- a maximum price set by the government below equilibrium
- a period of increasing real GDP
- goods which are produced domestically and sold to other countries
- A rapid rise in the price level that leads to extremely high inflation
- Consumers buy more as their income increases and less as their income decreases
- Goods that benefit everyone but are not provided efficiently by the market, like fire protection
- division of labor
- Reduction in the inflation rate to a lower, but still positive rate
- the activity of coming up with the idea for and starting a business
- This type of unemployment occurs when there is a downward cycle in the economy
- _______ occur when you give up something to gain something else.
- _______ Advantage is when an individual, firm, or country has an advantage in the production of a good or service if it can produce more of a good than its trading partner.
- A sustained increase in the general price level of goods and services over time
- things or ideas that are used to encourage or discourage people from making choices
- Assuring consumers (and producers) have accurate information on which to base their decisions
- occurs when quantity supplied exceeds quantity demanded
Down
- Business conduct that reduces market competition
- goods that are excludable but nonrival (i.e. Netflix)
- The government answers the economic questions by dictating output and amount of production
- taxes on imports
- goods that non-excludable and non-rival (public parks, streetlights, national defense)
- an outright ban on imports from and/or exports to a particular foreign nation, usually for political reasons
- History, past actions, and culture determine the answers to the economic questions
- occurs at the price and quantity where the supply and demand curves cross
- Providing essential goods and services and maintaining a fair distribution of income because of this market failure
- Trade _____ happens when exports are less than imports
- Consumers answer the 3 economic questions by choosing which products and services to buy
- human resources ;the effort people make at work
- the end of a contraction in real GDP and the beginning of an expansion
- Consumers buy less as their income increases and more as their income decreases
- The market value of all final goods and services produced within a country’s borders in a given period of time
- occurs when quantity demanded exceeds quantity supplied
- when real GDP stops increasing at the end of an expansion and the start of a contraction
- goods that are excludable and rival (i.e. bicycles and candy bars)
- a measure of how efficiently an economy is using its available factors of production.
- This type of unemployment occurs when a job requiring a specific skill set is no longer needed, either in a specific industry, geographic area, or both.
- limits on the quantity of goods that can be imported
- ________ occurs there are not enough resources to produce all the goods and services that people want.
- goods that are non-excludable but rival (i.e. the environment and wildlife)
- the combination of two or more companies, whether through the creation of a new entity or by one absorbing the other
- Businesses have an incentive to produce what consumers want and to keep their production costs down
- _____ Advantage is when an individual, firm, or country has an advantage in the production of a good or service if it possesses a lower opportunity cost than its trading partner.
- includes tools, machines, buildings
- one of the factors of production; aka natural resources; example: crops, water, and minerals
- This type of unemployment occurs when jobs requiring certain skills are available and people with those skills are available, but the two have not matched up yet.
- shows the maximum amount of output that can be made using the current amount of resources and technology
- a significant, prolonged decline in economic activity spread across the economy, usually indicated by a decline in real GDP
58 Clues: taxes on imports • division of labor • ____ keeps prices low • a period of increasing real GDP • includes tools, machines, buildings • the value of the next best alternative • Costs (or benefits) that fall on others • human resources ;the effort people make at work • Business conduct that reduces market competition • limits on the quantity of goods that can be imported • ...
Social 30 Economics 2021-06-09
Across
- a practice where the government spends more money than they are in possession of or receives in revenue. This action is usually provided by the government when society is facing a recession.
- (two words) a political ideology that enforces the idea of human rights and liberties, as well as full economic freedom. This means that a society with this system condemns government intervention on the economy.
- (two words) set of laws a nation follows in order to regulate flow of money, i.e. the interest rates and value of money in a country.
- amount of money borrowed or owed. Governments suffer from this when they have no money to provide for the country or when facing a recession.
- (two words) a type of government regulation where the government acquire money from the people depending on their income, i.e. more money will be obtained from the rich in order to provide for the poor; Robin Hood
- (two words) the unequal distribution of wealth between social classes and duties.
- last name of a former female prime minister of the UK. Firmly believed in trickle down economics as well. She sold off public property and reduced welfare benefits.
- (two words) mainly associated with Robert Owen, an ideology that advocates for a perfect society where poverty is eradicated. The proletariat has control over the economic and political system.
- (two words) emphasizes the equal distribution of wealth in a society through the process of progressive taxation.
- (two words) established by FDR, it is a multiple of measures to help American citizens to cope and rise back from the adversities of the great crash. Notable measures include the three R’s and alphabet agencies.
- (two words) the use of government revenue relating to the spending and tax rates of an economy. This policy is closely looked upon within Keynesian economics.
- a situation where a person is unable to find a job and cannot find a sustainable form of income/wage. This tends to increase during times of recession and decrease during times of prosperity.
- although there is the presence of inflation, unemployment rate appears to be high and economic growth declines due to lack of consumerism.
- (two words) a time preceding the roaring twenties where the US experienced an economic crash that led to high rates of unemployment and low levels of revenue or economic prosperity. This event affected the whole world too, and was only over due to the rise in economy in World War II.
Down
- (three words) also known as supply side economics, this right-wing theory admonishes government intervention instead. It believes that the invisible hand will maintain economic stability and prosperity.
- (two words) an economic system that focuses on the wellbeing of its people. A government that adopts this system still believes in the idea of private ownership and individualism, but it will prioritize protecting its people with social programs.
- (two words) also known as demand side economics, this left-wing theory advocates for government intervention in the economy increase in government spending, lower taxation and interest rates during recession, while doing the opposite in times of inflation.
- last name of the 40th president of the United states. Formerly an actor, he joined the republican party and later got elected in 1981. Was a believer of trickle down economics.
- (two words) a collection of regulations and programs FDR set up during his New Deal, notable for their acronyms, e.g. AAA, CCC, FERA, WPA, or NRA.
- acronym of the 32nd president of the united states. Succeeding Herbert Hoover, this president established the new deal in response to the great depression.
- (two words) an economic system in which some government intervention is implemented in order to combat unequal distribution of wealth. Although there is a free market economy, the government is allowed a limited amount of regulation in regards to fiscal policies and economics laws such as minimum wage. Sweden adopts this type of economy.
- (two words) the idea that the economy circles through a boom and bust phase, in which tremendous inflation would eventually lead to recession, and vice versa.
- developed by Karl Marx, it is a political and economic ideology that believes in the elimination of social classes. There is a true equal distribution of wealth
- (Two words) This motivating factor of capitalism was first developed by Adam Smith. This selfish motivation will promote a better society as others will work harder. For example, when the common person notices that the Rich spend money on luxurious yachts, cars, and homes it motivates the common person to work harder to achieve a better lifestyle.
- the economic idea that the government should have no involvement in the market. It is an idea that stems from classical liberalism. “Hands off” the economy!
25 Clues: (two words) the unequal distribution of wealth between social classes and duties. • (two words) emphasizes the equal distribution of wealth in a society through the process of progressive taxation. • (two words) set of laws a nation follows in order to regulate flow of money, i.e. the interest rates and value of money in a country. • ...
Economics Final Project 2021-06-06
Across
- What determines your creditworthiness?
- What type of unemployment is when people choose to leave their job to find a better one?
- What is the tax on the manufacture or sale of selected items such as gasoline and liquor?
- The study of economics is about what two things?
- What is a fundamental principle of economic theory which states that keeping other factors consistent and increase in price results in increase in quantity supplied?
- what is aggregate demand also known as?
- When there are more Products then normal its called what?
- Since wealthy people tried to avoid paying the estate tax by giving away their property before they died, what tax was passed to prevent this?
- The power to increase or decrease the money supply is what policy?
- What is the economic indicator for full employment?
- What is the tax a corporation pays on its profits called?
Down
- The ups and downs in the GDP over time is called what?
- What is the risk that the bank takes on when issuing a loan?
- ______ is how much the borrower puts into an investment.
- When a change in price causes a big change in quantity demand it's called what?
- What is a risk taking individual in search of getting money called?
- What can help a borrower secure loans?
- The potential benefits an individual, investor, or business misses out on when choosing one alternative over another is called what?
- What is it called when there is a change in the buyers real income when a price changes?
- A material or thing that is wanted by people is called a what?
- A shrinking economy is also known as what?
- What is the term for the tools, equipment, machinery, and factories used in the production of goods and services?
- What % is the recommended amount you should put into savings?
- What keeps track of how many dollars worth of goods and services are made in a country overtime (Typically one year)?
- The point where the supply curve and demand curve cross is called what?
25 Clues: What determines your creditworthiness? • What can help a borrower secure loans? • what is aggregate demand also known as? • A shrinking economy is also known as what? • The study of economics is about what two things? • What is the economic indicator for full employment? • The ups and downs in the GDP over time is called what? • ...
Economics Crossword Puzzle 2021-08-03
Across
- the purchase of new equipment, buildings, vehicles and plants.
- on capital goods and includes spending on new buildings and infrastructure.
- Tools and machinery that are used to produce goods and services.
- are documents certifying that a proposed building complies with the relevant building regulations.
- a small number of businesses that dominates the market
- when people overseas spend on goods and services that are produced in Australia.
- are products that work in unity.
- factors of production which include land, labour capital goods and entrepreneurship
- the physical activities that people do for others that are sold and purchased
- is when you sell assets such as real estate and shares that will result in large sums of money/income.
- An Australian resident company is subject to company tax, which means a tax is charged on the company’s income.
- is when two or more firms agree to not compete against each other but instead join together to manipulate the market.
- limited
- factors that make it hard for firms to start up or enter a certain industry
- resource rent tax is a tax on profits typically generated from the sales made from oil and gas products.
- is an annual tax based on the total taxable value of all the land you own in Victoria.
- items being sold to consumers
- consumers spend their income on goods and services from overseas producers/businesses.
- the cost to businesses of employing labour.
- Human effort into producing goods and services.
- a model that is used to demonstrate how money moves through society.
- are statistics that are generally used to measure economic growth.
- skills and talent used to successfully produce a concept.
- the process of turning resources into goods and services
- the amount of an item that a business has in stock to sell
- unlimited
- is a tax on cars when the GST is above the threshold of 33%.
- money that is typically received on a regular basis
- goods and services that are necessary in order to service
- is a national broad-based consumer tax on most goods and services sold or consumed in Australia.
- home buyers grant, are individuals who purchase a property for the first time.
- when businesses are able to set the price that they want due to high market power.
- Anything from the Earth that has economic value.
- when businesses are forced to take whatever price is determined by the marketplace due to little market power.
- the number of customers desiring to purchase a good or service being supplied
- is when a business lowers their prices to drive a competitor out of the market.
- refers to the quality of life.
- the responsiveness to price change.
- is when you borrow money to invest.
- is 2% of your taxable income, in addition to the tax you pay on your taxable income. It helps cover medical funds.
- one business that dominates the market
- the rates councils charge on properties in their area. Calculated by the value of the property times rate in the dollar.
Down
- money paid to cover the cost of your waste and recycling services.
- refers to the tax on goods and services when they are transferred across international borders.
- Price of one product in comparison to another.
- competition a market structure where competition is at its best
- allocation of resources maximising the use of resources to satisfy the needs and wants of society.
- is an alternative product.
- cost when you are forgoing something to gain something.
- Income after tax.
- people who make goods and services
- benefits tax is a tax paid by employees to help benefit themselves and their families.
- is statistical data used to determine whether Australia is progressing as a nation.
- expenditures on individual and collective consumption goods
- when responsiveness to price change is low.
- a percentage of income that is levied by the government.
- refers to having access to goods and services.
- the total value of all goods and services that producers are able to supply.
- When consumers are optimistic about their future.
- is a better measure of economic growth as it measures the value of goods and services produced in Australia, however it does not include inflation.
- occurs when there are limited resources and unlimited wants
- it occurs when competitors agree on pricing rather than competing against each other.
- goods and services that are desired but are not necessary to survive
- an oligopoly with 2 businesses
- it is an illegal act in which corporations inform their rivals about price actions and intentions.
- Australian Competition Consumer Commission
- when banks loan money to people/businesses.
- is used as an indicator of changes in well-being in Australia.
- spending the government uses money collected through taxation.
- when a business is optimistic about its future.
- when producers allocate their resources to a point where they feel it is technically efficient.
- What causes consumers to purchase more or less.
- another word for customers ( people who purchase the goods and services)
- is an amount of money that you may have to pay if you are believed to have broken certain laws.
- tax is a self-assessed, general purpose state and territory tax assessed on wages paid or payable by an employer to its employees.
- the study of how individuals, businesses and the government allocate scarce resources
- rather than spending money on goods and services consumers instead store it.
- using all the resources available to produce the maximum amount of wanted goods and services
- is a tax levied by state or territory governments on certain purchases.
- a diagram illustrating the choices or options available when deciding how to allocate scarce resources
80 Clues: limited • unlimited • Income after tax. • is an alternative product. • items being sold to consumers • an oligopoly with 2 businesses • refers to the quality of life. • are products that work in unity. • people who make goods and services • the responsiveness to price change. • is when you borrow money to invest. • one business that dominates the market • ...
Economics Crossword Puzzle 2021-04-19
Across
- the process of concentrating on and becoming expert in a particular subject or skill.
- the state of being scarce or in short supply; shortage.
- is a person or a group of people living in the same residence.
- a useful or valuable thing, person, or quality.
- an amount of something left over when requirements have been met; an excess of production or supply over demand.
- wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
- the resource that encompasses the natural resources used in production
- the branch of knowledge concerned with the production, consumption, and transfer of wealth.
- a person who supports or believes in the principles of communism.
- the activity or condition of competing.
- a means by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another
Down
- a situation in which nothing can be improved without something else being hurt.
- is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
- a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
- to utilize less than fully or below the potential use.
- work, especially hard physical work
- the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved
- for-profit business, usually formed as a partnership that provides professional services, such as legal or accounting services
- something, typically money, that is owed or due.
- require the payment of (a specified sum of money) before it can be acquired or done.
- are items that satisfy human wants and provide utility
21 Clues: work, especially hard physical work • the activity or condition of competing. • a useful or valuable thing, person, or quality. • something, typically money, that is owed or due. • to utilize less than fully or below the potential use. • are items that satisfy human wants and provide utility • the state of being scarce or in short supply; shortage. • ...
Economics Crossword Puzzle 2021-04-29
Across
- The freedom of individuals and businesses to regulation.
- Process of breaking up a task or job into smaller tasks.
- Legal proceeding involving a person or business that is unable to repay their outstanding debts
- Physical, mental, and social effort used to produce goods and services in an economy.
- An individual who creates a new business.
- Something needed to survive.
- the theory that spending money and consuming goods is good for the economy.
- The amount of an individual's income that is left for spending, investing, or saving after taxes.
- Businesses earn ______ from selling goods or services above their cost of production.
- Storage of resources.
- An economic system in which private individuals or businesses own capital goods.
- the intent to achieve a gain in a project, transaction, or material endeavor.
- The price of producing one additional unit of a good.
Down
- Raw materials found in nature that can be used for economic production or consumption
- The study of a national economy as a whole.
- The marketplace where final goods or services are sold to businesses.
- Common _______ include payments to suppliers, employee wages, and factory leases.
- Something that people desire to have.
- The study of economics at an individual, group, or company level.
- The organization has a large annual ______ that they are allowed to spend every year.
- The state of being able to create at a high quality and quick speed.
- The amount of money that an individual has to spend or save after income taxes have been deducted.
- A place where production factors are purchased and sold.
- The study of how society uses its limited resources.
- An increase in the price of a good or service will decrease the quantity ______.
- The ability to compete fairly and successfully in markets for traded goods and services.
- The buying of goods without planning to do so in advance
- Human-created assets that can enhance one's power to perform economically useful work.
28 Clues: Storage of resources. • Something needed to survive. • Something that people desire to have. • An individual who creates a new business. • The study of a national economy as a whole. • The study of how society uses its limited resources. • The price of producing one additional unit of a good. • The freedom of individuals and businesses to regulation. • ...
Economics Crossword Puzzle 2021-05-11
Across
- Name of person/business who receives the money
- a written order to the bank
- amount of physical, mental, and social
- balance a ____ ___ ___ when you receive the statement
- can be used to ____ money through the mail
- checks are __ than cash
- a cancelled check is a ____ ___ of payment
- money
- item that satisfies human want
- for recording the purpose
- a bank's record of your checking account which you receive monthly
- items offered for sale
Down
- transactions with no physical good
- process of bringing your check record and bank statement into agreement
- a checkbook register when you write each check
- potential benefits
- worth
- resources
- signing the back of the check
- employment
- purchaser
- a deposit account held at a bank
- value of all assets
- Owner of their own business
- electronic fund transfer
- automated teller machine
26 Clues: worth • money • resources • purchaser • employment • potential benefits • value of all assets • items offered for sale • checks are __ than cash • electronic fund transfer • automated teller machine • for recording the purpose • a written order to the bank • Owner of their own business • signing the back of the check • item that satisfies human want • a deposit account held at a bank • ...
Economics ABC book 2023-11-15
Across
- a severe recession that continues for a long period of time.
- when the Federal Reserve buys or sells bonds.
- the rapid increase in prices, inflation that is out of control.
- popular type of auto financing that allows you to “rent” a car from a dealership for a certain length of time and amount of miles.
- The difference between what you owe on your mortgage and what your home is currently worth.
- when an economic expansion hits a high point. The economy is BOOMING
- The Market Value of all final goods and services produced in a country in a year.
- Security that represents the ownership of a fraction of the issuing corporation. Units of stock are called "shares"
- the economy is growing and improving.
- When GDP is negative for two consecutive quarters. The economy is doing poorly.
- The percentage of unemployed workers in the total labor force.
- The money paid to a worker in return for their work.
- The market in which employers search for employees, and where employees search for jobs.
- says that too much money in the economy causes inflation. The general price level of goods and services is directly proportional to the amount of money in circulation
- Current price estimates of GDP that are obtained by expressing values of all goods and services produced in the current reporting period.
- spending by people abroad on U.S. goods and services (exports) minus spending by people in the U.S. on foreign goods and services (imports).
Down
- members of a particular organization or population who are able to work, viewed collectively.
- Central banking system of the United States of America.
- A product used to produce a final good or finished product
- a way of budgeting where your income minus your expenses equals zero.
- an index used to calculate the inflation rate.
- illustrated graph of the growth and decline of an economy as economic activity increases and decreases periodically.
- A bottom or low point. Marks the end of a recession or depression
- The Federal Reserve uses its ______________ tools to increase and decrease the MONEY SUPPLY.
- When you are unemployed because your skills don’t match the job(s) available (consumer preferences) Jobs that are permanently lost; workers skill do not match the jobs that are available or in demand
- Spending by businesses on machinery, factories, Equipment, tools, and construction of new buildings.
26 Clues: the economy is growing and improving. • when the Federal Reserve buys or sells bonds. • an index used to calculate the inflation rate. • The money paid to a worker in return for their work. • Central banking system of the United States of America. • A product used to produce a final good or finished product • ...
economics vocab 1 2023-08-23
Across
- benefits or costs of an action that influence peoples decisions and behavior
- focuses on the workings of an economy as a whole
- use of government spending and taxation to influence the economy
- unlimited wants + limited resources
- balance that remains when all of a business´s operating expenses are subtracted from its revenues
- the inputs used to produce a good or service in order to produce income
- how much a certain product, item, commodity, or service suppliers is willing to make available at a particular price
- a rise in prices
- what you give up when you make a choice
- offering better products at a cheaper price creating turbulance
Down
- looks at economic decision making by individuals, households, and businesses
- targeted fiscal and monetary policy intended to elicit an economic response from the private sector
- when an individual who is not employed
- highest valued trade off is the next best alternative
- a situation where the demand does not meet the supply of goods and services
- one that acquires goods or services for direct use or ownership rather than for resale
- cost of borrowing money, expressed as a percentage of the amount borrowed
- how much of that product, item, commodity, or service consumers are willing and able to purchase at a particular price
- relating to money
- relationship between consumers and producers who benefit from a transaction
- a market in which the industry is dominated by a few companies that are each influential participants in the market
- leave alone
- a market structure where a single seller or producer assumes a dominant position in an industry
23 Clues: leave alone • a rise in prices • relating to money • unlimited wants + limited resources • when an individual who is not employed • what you give up when you make a choice • focuses on the workings of an economy as a whole • highest valued trade off is the next best alternative • offering better products at a cheaper price creating turbulance • ...
Behavioral Economics Vocabulary 2023-08-23
Across
- you go through a positive or negative experience or event
- When a person believes they are better at something than they actually
- Media Marketing The use of social media platforms and websites to promote a product
- Bias A subconscious error in thinking that leads to irrational decision
- Bias The tendency people have to be more confident in their own abilities
- When a person mistakenly believes they are better than others
- Cost Fallacy The tendency to make decisions about a current situation based on
- behavior and to explain economic decision making
- you own has been replaced with cash, then determining whether you would prefer to keep the cash or buy the item back
- (Fear of Missing Out) The tendency to feel anxiety/fear that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website
Down
- Test A strategy used to combat loss aversion by imagining that overnight
- Economics The subfield of economics that applies psychological insights into
- of comparable magnitude
- resources you have already invested in the situation
- and to ignore or distort contradictory evidence
- Adaptation The tendency to return to a baseline level of happiness regardless of
- service
- When a person has an exaggerated certainty that an answer is correct
- Effect The tendency to put more value on things you already own
- you
- Aversion The tendency to regard losses as considerably more important than
- Bias The tendency to search for information that supports our
- Costs Costs that have already been incurred and cannot be recovered
- Mentality The tendency to conform to the behaviors and beliefs of the people
24 Clues: you • service • of comparable magnitude • and to ignore or distort contradictory evidence • behavior and to explain economic decision making • resources you have already invested in the situation • you go through a positive or negative experience or event • When a person mistakenly believes they are better than others • ...
Economics And Business 2023-11-19
Across
- An item that a business has decided not to produce.
- A monetary charge that needs to be paid for borrowing money.
- Items that bring satisfaction and usefulness to consumers.
- The supply and demand for houses
- Selling price - Cost to produce
- The quantity demanded by consumers decreases as prices rise, then increases as prices fall.
- A person who works for a salary.
- The higher the price that a good or service can be sold for, the higher the quantity that suppliers are willing to produce.
- A person who buys goods or services for their own use
- A place where anything can be bought or sold. Also where producers and consumers interact.
- Something that is required to live a safe and healthy life
- When your wants are unlimited, but the resources are limited
Down
- When goods or services affect the supply and demand of goods and services, due to how high or low the demand is to determine the price of a product.
- Make an effort to purchase goods and services that do not have a negative impact on other people, animals, or the environment.
- A person or organisation that recruits people to be employed.
- Something that isn't necessary but will bring satisfaction
- An item that requires money or fortune in return.
- An act that can be bought by a consumer.
- The availability of workers and the cost to employ them.
- A person who owns a property then rents it to others to use.
- A person, company or country that makes, grows or supplies goods or products for sale
- Someone who is using a property owned by a landlord.
22 Clues: Selling price - Cost to produce • The supply and demand for houses • A person who works for a salary. • An act that can be bought by a consumer. • An item that requires money or fortune in return. • An item that a business has decided not to produce. • Someone who is using a property owned by a landlord. • A person who buys goods or services for their own use • ...
Economics Vocab Crossword 2023-11-28
Across
- gap between exports and imports
- supply supply responds less than proportionately to a change in price; i.e. the percent change in quantity supplied is less than percent change in price
- a significant decline in national output. Typically lasting a minimum of six months.
- during the business cycle, the lower point of output in a recession, before a recovery begins.
- an increase by society in the average level of physical and/or human capital per person
- product which is intangible such as entertainment, healthcare or education
- GDP divided by the population
- a good that lasts three or more years.
- when one country can use fewer resources to produce a good compared to another country; when a country is more productive compared to another country
- Advances in knowledge
- all elements that affect people's happiness, whether these element are obtained through market transactions or not
Down
- an especially lengthy and deep decline in output
- the relatively short-term movement of the economy from recession to expansion
- good that has been produced, but not yet sold
- during the business cycle, the highest point of output before a recession begins
- supply responds more than proportionately to a change in price; i.e. the percent change in quantity supplied is greater than percent change in price
- when a country can produce a good at a lower cost in terms of other goods; or, when a country has a lower opportunity cost of production
- the price of an item multiplied by the number of units sold: TR = P x Qd
- quantity of output produced per worker, or per hour worked
- the accumulated skills and education of workers
20 Clues: Advances in knowledge • GDP divided by the population • gap between exports and imports • a good that lasts three or more years. • good that has been produced, but not yet sold • the accumulated skills and education of workers • an especially lengthy and deep decline in output • quantity of output produced per worker, or per hour worked • ...
Year 7 Economics 2023-11-14
Across
- (7): One who purchases goods or services.
- (7): Sketch or summary.
- (5): The amount of money required.
- (8): Commercial activity.
- (7): Examine for similarities and differences.
- (6): Consumer desire for a product.
- (5): A general direction in which something is developing.
- (7): Examine in detail.
- (9): The amount of money spent.
- (8): Assess or judge the value or quality.
- (7): Foretell or estimate a future event.
- (5): Desires that go beyond basic needs.
- (4): A tangible product.
Down
- (6): A location where buyers and sellers meet.
- (7): Make clear or understandable.
- (6): Someone who starts and operates a business.
- (7): The wealth and resources of a country.
- (5): Standard quantities.
- (7): A person or company that makes goods.
- (6): The amount of a product available.
- (5): Essential requirements for survival.
- (7): Intangible work provided.
- (10): Rivalry between businesses.
- (8): Limited availability of resources.
24 Clues: (7): Sketch or summary. • (7): Examine in detail. • (4): A tangible product. • (5): Standard quantities. • (8): Commercial activity. • (7): Intangible work provided. • (9): The amount of money spent. • (10): Rivalry between businesses. • (7): Make clear or understandable. • (5): The amount of money required. • (6): Consumer desire for a product. • ...
Economics Crossword Puzzle 2023-09-18
Across
- all goods and factors of production in an economy are distributed
- a legal entity separate from its owners
- all naturally occurring resources as well as geographic land
- people who fill a position for a short period of time
- share in the ownership of a company
- the activity or condition of competing
- means of distribution should be regulated by the community as a whole
- a political theory derived from Karl Marx
- individuals who engage in hard manual labor
- an arrangement whereby a place of employment requires current membership in a specific union as a condition of employment
- a single producer that excludes competition from providing the same product
- working people, through their unions, negotiate contracts with their employers to determine their terms of employment
- the state of being scarce or in short supply
- man-made goods that assist in the production process
- persons or positions where a level of basic knowledge, experience, or training
- requires the highest levels of education and training
- the loss of potential gain from other alternatives when one alternative is chosen
- tradeoff governments face in spending on national defense or on domestic programs
- a mechanism for resolving disputes between investors and brokers
- work, especially hard physical work
- individuals who work in jobs that require like college degrees and advanced degrees
- the only provider of a product in an geographic location
- when the price of a product goes up, the quantity demanded will go down
Down
- defined by office jobs and management, and not "getting their hands dirty."
- a union founded in 1869
- a loose amalgamation of skilled craft unions
- country's trade and industry for profit
- items that satisfy human wants, provide utility or usefulness and are scarce
- the intervention of a third person, or mediator, into a dispute to assist the parties
- a small number of firms that control the market
- collective refusal by employees to work under the conditions required by employer
- rely on habit,custom or,rituals
- a workforce segment associated with a limited skill set
- use of taxation to redistribute wealth
- the business practice of hiring a party outside a company to perform services
- factors that can prevent newcomers into a market
- requires (something) because it is essential or very important
- gives workers the freedom to choose whether or not to join a labor union in the workplace
- A business that employs workers without regard to union membership
- the economic value of a worker's experience and skills
- have a desire to possess or do (something)Scarcity
- the government grant of monopoly on an invention for a limited amount of time
- Government owns both land and capital
- a financial gain
44 Clues: a financial gain • a union founded in 1869 • rely on habit,custom or,rituals • share in the ownership of a company • work, especially hard physical work • Government owns both land and capital • the activity or condition of competing • use of taxation to redistribute wealth • a legal entity separate from its owners • country's trade and industry for profit • ...
Industrial Revolution-Economics 2023-10-22
Across
- Policies and goods pertaining to WITHIN the country and its colonies
- Countries or areas under the full or partial political control of another country, usually far away from the mother country.
- Prior to the Industrial Revolution Britain’s main source of income came from this.
- The total amount of income generated by the sale of goods or services by a business
- The total amount of costs incurred to operate a business
- and services provided by a producer
- Money used to build, run, or grow a business
- A policy of extending a country's power and influence through diplomacy or military force
- Policies and goods pertaining to OUTSIDE the country
- A person who owns, organizes, and operates a business
- policy demanding all industry and manufacturing were done domestically
- The development of industries in a nation.
Down
- you have a greater supply than you are able to sell
- The largest and wealthiest slave colony for the British Empire
- that purchase goods and services from producers
- An extensive group of states or countries under the rule of a single nation
- Acts designed to ensure all British colonies would ONLY trade with England
- The money earned by a business after all expenses are paid out
- you have a smaller supply than you are able to sell
- An economic and political system in which a country's trade and industry are controlled by private owners for profit
- that provide goods and services
- and services wanted for purchase by consumers
- After the American Revolution, England gained land in the Caribben from wars with this country
- Trade route used to transport goods in exchange for slaves between West Africa, Britain, and the Colonies
- Improvements in credit and _______________ allowed for businesses to get the money they needed.
25 Clues: that provide goods and services • and services provided by a producer • The development of industries in a nation. • Money used to build, run, or grow a business • and services wanted for purchase by consumers • that purchase goods and services from producers • you have a greater supply than you are able to sell • you have a smaller supply than you are able to sell • ...
Intro to Economics 2020-08-04
Across
- when a foreign suppliers sells a good blow the price it charges in its home country
- thinking,requires purposeful evaluation of the available opportunities to make the best decision possible
- voluntary exchange of goods and services
- industry argument, states that domestic industries need trade protection
- surplus, when exports exceed imports
- how people allocate their limited resources
- rate, price of foreign country currency per unit of another foreign countries currency
- advantage, when a person, business or country produces at a lower opportunity cost than other competitors
- exchange market,currencies of different countries traded
- factors that motivate a person to act or exert effort
- taxes levied on imported goods/services
- trading a good they already have for something they want
Down
- limited resources, unlimited wants
- study of individual units that make up economy
- brings buyers and sellers to exchange goods and services
- balance, difference between total exports and imports
- demand, demand for a good or service that derives from the demand for another
- when someone focuses on his or her skills to become an expert in a particular area
- advantage, producing more than another producer with the same amount of resources
- thinking, requires decision makers to evaluate whether the benefit of one more unit of something is greater than its cost
- study of overall aspects and workings of an economy
- deficit, imports exceed exports
- costs, highest-valued alternative that must be sacrificed to get something else
- deprecation,
- appreciation, when currency becomes more valuable relative to other countries
25 Clues: deprecation, • deficit, imports exceed exports • limited resources, unlimited wants • surplus, when exports exceed imports • taxes levied on imported goods/services • voluntary exchange of goods and services • how people allocate their limited resources • study of individual units that make up economy • study of overall aspects and workings of an economy • ...
Economics Glossary Words 2020-04-28
Across
- An organization that sells goods
- Where actions by one party have impacts on another, particularly economically.
- The study of how people use scarce resources to satisfy needs and wants
- Final users of goods and services to satisfy their needs and wants
- Basic units used to make goods and services
- Reward for the use of resources
- A system which allows private ownership of the factors of production
- Physical items used by consumer and services for a profit
- Situation where demand is greater than supply
- Equipment used to make goods and services
- Institution which handles money for households and firms
- Ability to combine all resources to make something (plan, recipe, system etc)
- chain Complex group of firms in many countries each producing a component of a final product.
- Organisations that make goods and services
- Payment earned by entrepreneurs
- Money paid at a particular rate for the money lent
- Compulsory government levy
- Goods and services which we desire but don’t need
- Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
- Goods and services sold overseas
- Income flows that are removed from the Circular Flow model. (savings, tax, imports)
- National Company A company which operates in several countries with its headquarters in the parent country. (Apple)
Down
- Goods and services bought from overseas
- Basic necessities for life
- of production Raw materials used to make goods and services (land, labour, capital & enterprise)
- All human effort, both physical and intellectual
- That part of earnings not spent
- Organization with authority to make decisions for the population
- National Company A company that operates in many countries with independent headquarters in each.(McDonalds)
- An economy where people produce only enough goods and services for their own family
- Cost The cost of the next-best alternative opportunity
- Financial assistance given to people by the Government
- Action of only doing one part of the process
- market Place where factors of production are bought and sold.
- Payment per hour for labour
- All resources provided by nature
- Place where goods and services are bought and sold.
- A system where factors of production are owned by the government
- market Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
- Payment per year for labour
- Payment for use of land
- A system where all factors of production, distribution and consumption of goods and services are controlled by the government
- Purchase of new capital
- Actions done for consumers by producers
- Used to pay for goods and services
45 Clues: Payment for use of land • Purchase of new capital • Basic necessities for life • Compulsory government levy • Payment per hour for labour • Payment per year for labour • That part of earnings not spent • Reward for the use of resources • Payment earned by entrepreneurs • An organization that sells goods • All resources provided by nature • Goods and services sold overseas • ...
Year 9 Economics 2020-04-28
Across
- market Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
- Action of only doing one part of the process
- of production Raw materials used to make goods and services (land, labour, capital & enterprise)
- All resources provided by nature
- Cost The cost of the next-best alternative opportunity
- Basic units used to make goods and services
- Purchase of new capital
- Basic necessities for life
- Reward for the use of resources
- Place where goods and services are bought and sold.
- A system which allows private ownership of the factors of production
- Payment per year for labour
- National Company A company that operates in many countries with independent headquarters in each.(McDonalds)
- market Place where factors of production are bought and sold.
- Payment per hour for labour
- The study of how people use scarce resources to satisfy needs and wants
- Used to pay for goods and services
- Money paid at a particular rate for the money lent
- A system where all factors of production, distribution and consumption of goods and services are controlled by the government
- Equipment used to make goods and services
Down
- Ability to combine all resources to make something (plan, recipe, system etc)
- Financial assistance given to people by the Government
- Payment earned by entrepreneurs
- All human effort, both physical and intellectual
- Final users of goods and services to satisfy their needs and wants
- A system where factors of production are owned by the government
- Goods and services sold overseas
- Physical items used by consumer and services for a profit
- Payment for use of land
- An organization that sells goods
- National Company A company which operates in several countries with its headquarters in the parent country. (Apple)
- Organization with authority to make decisions for the population
- Income flows that are removed from the Circular Flow model. (savings, tax, imports)
- Institution which handles money for households and firms
- Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
- Actions done for consumers by producers
- Where actions by one party have impacts on another, particularly economically.
- That part of earnings not spent
- Organisations that make goods and services
- An economy where people produce only enough goods and services for their own family
- Goods and services bought from overseas
- Situation where demand is greater than supply
- Goods and services which we desire but don’t need
- Compulsory government levy
- chain Complex group of firms in many countries each producing a component of a final product.
45 Clues: Payment for use of land • Purchase of new capital • Basic necessities for life • Compulsory government levy • Payment per year for labour • Payment per hour for labour • Payment earned by entrepreneurs • Reward for the use of resources • That part of earnings not spent • Goods and services sold overseas • An organization that sells goods • All resources provided by nature • ...
Year 9 Economics 2020-04-28
Across
- An organization that sells goods
- Where actions by one party have impacts on another, particularly economically.
- The study of how people use scarce resources to satisfy needs and wants
- Final users of goods and services to satisfy their needs and wants
- Basic units used to make goods and services
- Reward for the use of resources
- A system which allows private ownership of the factors of production
- Physical items used by consumer and services for a profit
- Situation where demand is greater than supply
- Equipment used to make goods and services
- Institution which handles money for households and firms
- Ability to combine all resources to make something (plan, recipe, system etc)
- chain Complex group of firms in many countries each producing a component of a final product.
- Organisations that make goods and services
- Payment earned by entrepreneurs
- Money paid at a particular rate for the money lent
- Compulsory government levy
- Goods and services which we desire but don’t need
- Income flows which are added to the Circular Flow of Income model (investment, govt. spending, exports)
- Goods and services sold overseas
- Income flows that are removed from the Circular Flow model. (savings, tax, imports)
- National Company A company which operates in several countries with its headquarters in the parent country. (Apple)
Down
- Goods and services bought from overseas
- Basic necessities for life
- of production Raw materials used to make goods and services (land, labour, capital & enterprise)
- All human effort, both physical and intellectual
- That part of earnings not spent
- Organization with authority to make decisions for the population
- National Company A company that operates in many countries with independent headquarters in each.(McDonalds)
- An economy where people produce only enough goods and services for their own family
- Cost The cost of the next-best alternative opportunity
- Financial assistance given to people by the Government
- Action of only doing one part of the process
- market Place where factors of production are bought and sold.
- Payment per hour for labour
- All resources provided by nature
- Place where goods and services are bought and sold.
- A system where factors of production are owned by the government
- market Place where goods and services are bought and sold (Coles, Seek.com, Fremantle markets) Same as Market
- Payment per year for labour
- Payment for use of land
- A system where all factors of production, distribution and consumption of goods and services are controlled by the government
- Purchase of new capital
- Actions done for consumers by producers
- Used to pay for goods and services
45 Clues: Payment for use of land • Purchase of new capital • Basic necessities for life • Compulsory government levy • Payment per hour for labour • Payment per year for labour • That part of earnings not spent • Reward for the use of resources • Payment earned by entrepreneurs • An organization that sells goods • All resources provided by nature • Goods and services sold overseas • ...
Economics Crossword Puzzle 2016-05-11
Across
- A situation in which income exceeds expenditures.
- The total assets minus total outside liabilities of an individual or a company.
- The highest point between the end of an economic expansion and the start of a contraction in a business cycle.
- The means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
- An increase in the level of economic activity, and of the goods and services available. It is a period of economic growth as measured by a rise in real GDP.
- An economic system in which the production and distribution of goods are controlled substantially by the government rather than by private enterprise
- The macroeconomic policy laid down by the central bank.
- A policy by which a government does not discriminate against imports or interfere with exports by applying tariffs
- A broad measurement of a nation's overall economic activity
- The lowest remuneration that employers may legally pay to workers.
- A measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in the country.
- A sustained increase in the general price level of goods and services in an economy over a period of time.
- A situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply.
- An agreement among the United States, Canada and Mexico designed to remove tariff barriers between the three countries.
- He is well-known for his stance that national governments should attempt to smooth out the effects of expansion and contraction in the business cycle by using fiscal and monetary policy.
- A ratio between the output volume and the volume of inputs.
- When the demand for a product or service exceeds its supply in a market.
- The economic policy of restraining trade between countries
- The central bank of the United States and the most powerful financial institution in the world.
- An increase in public spending
- States that if countries specialise in producing goods where they have a lower opportunity cost – then there will be an increase in economic welfare.
- A market structure characterized by a single seller, selling a unique product in the market.
- Organization that aims to create economic peace and stability in the world through a multilateral system
- The "useful-ness" that a consumer obtains from any good.
- An individual retirement plan that bears many similarities to the traditional IRA, but the contributions are not tax deductible and qualified distributions are tax free.
- The economic problem of having seemingly unlimited human wants in a world of limited resources.
- A measure of a negative balance of trade in which a country's imports exceeds its exports.
- He is best known for his strong belief in free-market capitalism
- An economic system in which the means of production and distribution are privately or corporately owned
Down
- The level of employment rates where there is no cyclical or deficient-demand unemployment.
- He is particularly famous for his defense of free-market capitalism and is remembered as one of the greatest critics of the socialist consensus.
- A term used to identify federal programs like Medicare and Medicaid
- A monetary system in which a country's government allows its currency unit to be freely converted into fixed amounts of gold and vice versa.
- A situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply.
- The ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.
- System by Karl Marx defining that all means of production are owned in common
- When the supply for a product or service exceeds its demand in a market.
- An economic system where few restrictions are placed on business activities and ownership
- Hands off government
- An increase in the value of one currency in terms of another.
- Type of money that is intrinsically useless object or record
- One of the most frequently used statistics for identifying periods of inflation or deflation.
- Money which is set aside for an emergency situation, such as unexpected unemployment or injury, or a natural disaster which destroys one's home and belongings.
- A market structure in which a small number of firms has the large majority of market share.
- A significant decline in economic activity spread across the economy, lasting more than a few months
- Series of statistical figures, such as the consumer price index or the gross domestic product, used by economists to predict future economic activity.
- A benefit given by the government
- analysis An examination of the additional benefits of an activity compared to the additional costs of that activity.
- He is known as the founding father of modern Economics, defined Economics as the study of the nature and causes of nations' wealth or simply as the study of wealth.
- A low turning point or a local minimum of a business cycle.
50 Clues: Hands off government • An increase in public spending • A benefit given by the government • A situation in which income exceeds expenditures. • The macroeconomic policy laid down by the central bank. • The "useful-ness" that a consumer obtains from any good. • The economic policy of restraining trade between countries • ...
economics chapter 9 2019-03-25
Across
- - tax on the value of a property, usually levied on real estate.
- - a tax on sales or on the receipts from sales.
- - a system that requires an employer to automatically deduct income taxes from an employee's paycheck and send it directly to the government.
- - is a supplemental income tax imposed by the United States federal government in addition to baseline income tax for certain individuals, corporations, estates, and trusts that have exemptions or special circumstances allowing for lower payments of standard income tax
- - A provision in the laws governing taxation that allows people to reduce their taxes
- - is a concept in the theory of taxation from public finance
- - is a tax imposed in such a manner that the average tax rate decreases as the amount subject to taxation increases
- - is a tax system with a constant marginal rate, usually applied to individual or corporate income
- - is a depreciation method whereby an asset loses book value at a faster rate than the traditional straight-line method
- - is the money that is taken out of workers' paychecks to pay older Americans their Social Security retirement and Medicare (Hospital Insurance) benefits
- - is a bureau of the Department of Treasury that is tasked with the enforcement of income tax laws and oversees the collection of federal income taxes
- - is the tax on money or property that one living person gives to another
- - is a tax in which the average tax rate increases as the taxable amount increases.
- - a profit from the sale of property or an investment.
Down
- - is a tariff or tax imposed on goods when transported across international borders.
- tax - An assessment levied by a government on the profits of a company
- - is basically a tax related incentive that allows individuals or entities to deduct a certain percentage of specific investment related costs from their tax liability apart from usual allowances for depreciation.
- - are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
- - is notification from an employer to an employee or tax office detailing the taxes that have been withheld from an employee's pay.
- - is said to "fall" upon the group that ultimately bears the burden of, or ultimately has to pay, the tax
- - is levied on the wages, salaries, dividends, interest, and other income a person earns throughout the year
- - he tax rate is the ratio at which a business or person is taxed
- - is a progressive taxation principle that maintains that taxes should be levied according to a taxpayer's ability to pay
- - a tax on the amount by which the value of an article has been increased at each stage of its production or distribution.
- - are taxes paid when purchases are made on a specific good, such as gasoline
- - is a fee, tax, or impost payment paid to a facility owner or operator by a facility user as a necessary condition for using the facility
- - a tax on items considered undesirable or harmful, such as alcohol or tobacco.
27 Clues: - a tax on sales or on the receipts from sales. • - a profit from the sale of property or an investment. • - is a concept in the theory of taxation from public finance • - tax on the value of a property, usually levied on real estate. • - he tax rate is the ratio at which a business or person is taxed • ...
Economics Review 1 2019-03-28
Across
- occurs when market price is lower than equilibrium price
- type of economic growth where productive potential decreases
- human wants are ____
- the type of demand that occurs between milk and yogurt
- food, water, shelter, etc
- the type of specialization that occurs between countries
- the sector that includes raw material extraction
- the motivation behind a government's actions
- the demand for this good decreases as income increases
- occurs when market price is higher than equilibrium price
- location on the PPF where production is unattainable
- where quantity supplied is equaled to quantity demanded
- the type of supply that occurs between leather and beef
- a type of resource (ie coal, oil, copper, etc)
- the benefit forgone of the next best alternative
- most countries are this type of an economy
- the demand for this good increases as income increases
Down
- occurs because resources are finite
- the service sector
- the demand for this good increases as the price of another increases
- the demand for this good decreases as the price of another increases
- individuals, firms, government agencies
- output per unit of input employed
- ___ job satisfaction, a disadvantage of specialization
- a type of economy where goods are allocated by the price mechanism
- land, labour, entrepreneurship, ____
- a type of capital
- the sector where raw materials are transformed into goods
- workers who are lazy
- members of the workforce
- a type of economy where goods are allocated by the government
31 Clues: a type of capital • the service sector • human wants are ____ • workers who are lazy • members of the workforce • food, water, shelter, etc • output per unit of input employed • occurs because resources are finite • land, labour, entrepreneurship, ____ • individuals, firms, government agencies • most countries are this type of an economy • ...
Economics CH1 Terms 2019-09-12
Across
- / things people do for others to make money
- / what benefit I might get from something
- / tools, factories and distribution
- / looking the the economy of one group
- / labor, time,basic ability
- / What consumers want from goods and services
- / resources that can be used up eventually
- / looking at the economy as a whole country
- / ideas, processes to create and run/improve business
- / one product more made
- / resources used that cannot be gotten back
Down
- / the need to do the best for yourself
- / land, minerals, plants, animals
- / things given up by choosing one option over another
- / economist use these to predict consumer/country habits
- / resources that can be made again
- / a limited supply of anythings shows s------
- / households, government and the rest of the world
- / anything tangible item made for sale
- / how buyers and sellers meet
- / the cost of choosing the next best thing
- / how much of a thing is out there to buy
- / benefits offered to encourage consumer behavior
23 Clues: / one product more made • / labor, time,basic ability • / how buyers and sellers meet • / land, minerals, plants, animals • / resources that can be made again • / tools, factories and distribution • / the need to do the best for yourself • / looking the the economy of one group • / anything tangible item made for sale • / what benefit I might get from something • ...
Economics Key Vocabulary 2020-10-23
Across
- The human-made objects used to create other goods and services
- The cost added by producing one additional unit of a product or service.
- Land, labor, and capital; the three groups of resources that are used to make all goods and services
- The most desirable alternative given up as the result of a decision
- The study of scarcity and choice
- Basic requirements for human survival
- A reward or other enticement that encourages a behavior
- The development of skills in a specific kind of work; division of labor
- A person who starts up and takes on the risk of a business
- Market-based economic system with limited government involvement
- An economic system in which resources are primarily owned and controlled by the private sector
- Phrase coined by Adam Smith to refer to the self-regulating nature of a free marketplace.
- The principle that people may decide what, when, and how they want to buy and sell
Down
- The limited nature of society's resources
- The value of a particular product compared to the amount of labor needed to make it.
- The additional benefit associated with an action.
- People who work to produce goods and services
- The line on a production possibilities graph that shows the maximum possible output
- The methods societies use to produce and distribute resources.
- A penalty that discourages a behavior
- Raw materials from nature that are used to produce goods
- Desires that can be satisfied by consuming a good or service
- An economy consisting of mostly subsistence agriculture.
- The products and/or services that an organization produces
- An economic system in which the government controls a country's economy.
- The specific economic resources used in producing goods and services
26 Clues: The study of scarcity and choice • A penalty that discourages a behavior • Basic requirements for human survival • The limited nature of society's resources • People who work to produce goods and services • The additional benefit associated with an action. • A reward or other enticement that encourages a behavior • ...
Economics Vocabulary Quiz 2020-11-30
Across
- a written contract for insurance
- income, income after taxes have been deducted
- card, a card that allows users to make purchases through a limited personal loan, with the expectation that the money will be repaid at a later date, often with interest
- income, income before taxes have been deducted
- something that a person wants or works for
- a person's awareness of the special qualities he or she has, including skills, interests, and values
- the amount earned from wages or other sources
- a person's talents or abilities
- clusters, groupings of jobs and industries that are related by knowledge and skills
- the amount paid for an insurance policy
- money paid out-of-pocket before insurance covers the remaining costs
- card, a card that pays for a purchase directly from a checking account
- a charge for a loan, usually expressed as a percentage
- Flying mammal
- making, the process of choosing among alternative courses of action
- the amount spent to make purchases and pay bills
Down
- a person's preferred activities or hobbies
- Large marsupial
- Man's best friend
- a person's beliefs and ideals
- a fixed fee an insured person must pay for a doctor's visit, an outpatient service, or a prescription
- the possibility of financial loss or physical harm
- a careful plan for spending or saving within a certain period of time
- the result of a decision or action
- the ability of a consumer to buy goods or service before paying for them, based on an agreement to pay later
- cost, the next best alternative that is given up when a choice is made
- score, a standardized measurement of the potential for a borrower to repay debt
- the act of pledging yourself to a course of action
- Has a trunk
- Likes to chase mice
- a contract that protects a person against financial loss or damage
31 Clues: Has a trunk • Flying mammal • Large marsupial • Man's best friend • Likes to chase mice • a person's beliefs and ideals • a person's talents or abilities • a written contract for insurance • the result of a decision or action • the amount paid for an insurance policy • a person's preferred activities or hobbies • something that a person wants or works for • ...
Jayden Morse Economics 2020-09-10
Across
- Process of getting product/service to consumer
- Social science showing how people use resources
- Economy that relies on voluntary trade as primary means of organizing and coordinating production
- Gains
- Exchange
- Study of individual consumers and businesses
- Process combining resources for good or service
- Fines or punishment
- Positive difference between total sales and total costs
- Using a product or service
- Extra or additional costs or benefits of a decision
- Buildings, tools, and machines people use for goods
Down
- Study of whole economy
- Positive rewards for making some choice
- Physical and mental efforts people use to produce goods, service
- Inequality exists between wants and resources available
- Alternative given up for making a choice
- Arrangement that allows buyers and sellers to make exchanges
- Natural resources like soil, minerals, timber, and fresh water
- Losses
- Imagination, innovative thinking, and management skills needed for business
- Any good or service requiring land, labor and capital
22 Clues: Gains • Losses • Exchange • Fines or punishment • Study of whole economy • Using a product or service • Positive rewards for making some choice • Alternative given up for making a choice • Study of individual consumers and businesses • Process of getting product/service to consumer • Social science showing how people use resources • Process combining resources for good or service • ...
Economics Chapter 1 2024-05-13
Across
- market economy in which privately owned businesses have the freedom to operate for a profit with limited government intervention.
- the skills and knowledge gained by a worker through education and experience.
- the development of skills in a specific kind of work.
- a study that compares the costs and benefits to society of providing a public good.
- A person who organizes, manages, and takes on the risks of a business.
- a measure of the amount of output produced by a given amount of inputs in a specific period of time.
- market in which firms purchase the factors of production from households.
- the ability of the economy to increase the production of goods and services.
- Division of work into a number of separate tasks to be performed by different workers.
- all natural resources used to produce goods and services.
- a curve showing the maximum combinations of production of two goods that are possible, given the economy's resources.
- an alternative that we sacrifice when we make a decision.
- the tools, equipment, machinery, and factories used in the production of goods and services.
Down
- a reliance on others, as they rely on you, to provide goods and services to be consumed.
- a movement advocating greater protection of the interests of consumers.
- Bring buyers and sellers together to exchange goods and services.
- a simplified version of reality used to analyze real-world economic situations.
- the effort that people devote to a task for which they are paid.
- level of economic prosperity.
- Land, labor, and capital; the three groups of resources that are used to make all goods and services.
- cost the most desirable alternative given up as the result of a decision.
- the market in which households purchase the goods and services that firms produce.
22 Clues: level of economic prosperity. • the development of skills in a specific kind of work. • all natural resources used to produce goods and services. • an alternative that we sacrifice when we make a decision. • the effort that people devote to a task for which they are paid. • Bring buyers and sellers together to exchange goods and services. • ...
Economics Chapter 2 2024-05-13
Across
- market in which goods and services are sold illegally.
- fundamental restricting of the Soviet economy; policy introduced by Gorbachev.
- successor of the European Coal and Steel Community established in 1993 by the Maastricht Treaty.
- economic system in which the government owns some factors of production and has a role in determining what and how goods are produced.
- economic system in which private citizens own and use the factors of production to generate profits.
- Economic system in which supply, demand, and the price system help people allocate resources and make the what, how, and for whom to produce decisions as as free enterprise economy
- comprehensive, centralized economic plan used by the Soviet Union and China to coordinate the development of agriculture and industry.
- shift of an economy, or part of an economy, from private ownership to government ownership.
- economic system in which the allocation of scarce resources and other economic activity is the result of ritual, habit of custom.
- meeting place or arrangement through which buyers and sellers interact to determine price and quantity of an economic product may be local, regional, national, or global.
- production process requiring large amounts of capital for labor.
Down
- an economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy.
- certificates that could be used to purchase government-owned property during privatization.
- an independently owned group of Japanese firms joined and governed by an external board of directors to regulate competition.
- forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing.
- Economic system characterized by a central authority that makes most of the major economic decisions.
- central planning authority in the former Soviet Union that devised and directed Five-Year Plans.
- economic and political system in which factors of production are collectively owned and directed by the state; a theoretically classless society in which everyone works for the common good.
- gross domestic product on a per person basis: can be expressed in current or constant dollars.
- independent Polish labor union founded in 1980 by Lech Walesa.
- organized way a society provides for the wants and needs of its people.
- conversion of state-owned factories and other property to private ownership.
- worst period of economic decline in U.S. history, lasting from approximately 1929 to 1939.
- number of people per square mile of land area.
- China's second Five-Year Plan, begun in 1958, which forced the collectivization of agriculture and rapid industrialization.
25 Clues: number of people per square mile of land area. • market in which goods and services are sold illegally. • independent Polish labor union founded in 1980 by Lech Walesa. • production process requiring large amounts of capital for labor. • organized way a society provides for the wants and needs of its people. • ...
Economics Chapter 4 2024-05-13
Across
- competing products that can be used in place of one another; products related in such a way that an increase in the price of one will increase the demand for the other.
- the portion of a change in quantity demanded caused by a change in a consumer's real income when the price of a product changes (moves on the line).
- graph showing the quantity demanded at each and every possible price that might prevail in the market at a given time.
- a shift of the demand curve, which changes the quantity demanded at any given price.
- the portion of a change in quantity demanded that is due to a change in the relative price of the good ( moves on the line).
- listing showing the quantity demanded at all possible prices that might prevail in the market at a given time
- The demand curve that shows the quantities demanded by everyone who is interested in purchasing the product.
- additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a product.
- elasticity where a change in the independent variable (usually price) generates a proportional change of the dependent variable (quantity demanded or supplied) EQUAL to 1.
- something that motivates a person to act.
- decrease in additional satisfaction or usefulness as additional units of a product are acquired.
Down
- Increase in income, Consumers demand shoots up do to fads, advertisements, etc., Substitutes have a price increase, Complements of a product have a decrease in price, Expectations- Consumers expect prices to rise in the future, Number of consumers in an area grows significantly
- a measure of the responsiveness of quantity demanded or quantity supplied to a change in one of its determinants.
- Decrease of income, Consumers are no longer into the fad, Substitutes for a good become less expensive, Complements of a good increase in price, Expectations- consumers expect prices to go down in the future, Number of consumers drops in an area.
- Found by multiplying the price of a product by the quantity demanded for any point along the demand curve/ used to determine elasticity when compared to change in price.
- new-old/old x 100.
- Goods that "go together"; a decrease in the price of one results in an increase in demand for the other and vice versa.
- The extent to which a change in price causes a change in the quantity demanded.
- rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship between price and quantity demanded.
- movement along the demand curve showing that a different quantity is purchased in response to a change in price.
- type of elasticity in which a change in the independent variable (usually price) results in a larger change in the dependent variable (usually quantity demanded or supplied) Greater than 1.
- combination of quantities that someone would be willing and able to buy over a range of possible prices at a given moment.
- case of demand elasticity where the percentage change in the independent variable (usually price) causes a less than proportionate change in the dependent variable (usually quantity demanded or supplied) Less than 1.
- branch of economic theory that deals with behavior and decision making by small units such as individuals and firms.
24 Clues: new-old/old x 100. • something that motivates a person to act. • The extent to which a change in price causes a change in the quantity demanded. • a shift of the demand curve, which changes the quantity demanded at any given price. • decrease in additional satisfaction or usefulness as additional units of a product are acquired. • ...
Economics Crossword Puzzle 2024-09-03
25 Clues: sold • cont • cerere • profit • client • ipotecă • dobândă • angajat • împrumut • bancomat • servicii • economii • etichetă • reducere • franciză • angajator • consumator • publicitate • resurse umane • monedă, valută • reacție, părere • funcționar, vânzător • indemnizație, alocație • reclamă, publicitate, anunț • vânzari cu amănuntul de bunuri și servicii
economics Chapter one 2024-05-09
Across
- alternative taht must be given up when one choice is made rather than another
- simplified version of a complex concept or behavior expressed in the form of a graph, figure, equation, or diagram
- Sum of tangible economic goods that are scarce, usefull and transferable from one person to another; excludes services
- sum of people's skills, abilities, health, and motivation
- fundamental economic problem facing all Societies resulting from a combination of Scarce resources and people's Virtually Unlimited needs and Wants
- Natural resources or "gifts of nature" not, created by human effort, one of 4 factors of productivity
- markets in which goods and services are bought and sold
- division of work into a number of seperate tasks; to be performed by different workers
- market economy in which privatly owned businesses have the freedom to operate for a profit with limited government intervention
- Basic requirement for survival, including food, clothing, and shelter
- of Production: Productive resources needed to produce goods; the four factors are land, capital, labor, and entrepreneuarship.
- Monetary worth af a good or Service as determined by the marKet
- Tool, equipment, or other manufactured good used to produce other manufactured good used to produce other goods and services; a factor of production
- Monetary Value of all final goods, services, and Structures produced within a country's national borders during a one year period
- meeting place or mechanism through which buyers and sellers of an economic product come together; may be local, regional, national, or global
- Item that Wears out, is used up, or lasts far fewer than three years when used regularly
- Work or labor preformed for someone; economic product that includes haircuts home repairs, and forms of entertainment
- diagram showing all possible combinations of goods and/or services an economy can produce when all productive resources are fully employed
- Good that lasts for at least three years when used regularly
Down
- mutual dependence of the economic activities of one person, company, region, or nation
- increase in a nation's total output of goods and services over time
- Ability of capacity of a good or service (to be useful and give satisfaction to Someone)
- social science dealing with how people satisfy seemingly unlimited and competing needs and wants with the Careful use of Scarce resources
- assignment of tasks to the workers, factories, regions, or nations that can perform them most efficiently
- quality of life based on ownership of necessities and luxuries that make life easier
- people with all their abilities and efforts; one of the four factors of production (DOES NOT ENCLUDE ENTREPRENEUR)
- markets in which productive resources are bought and sold
- cost of the next best alternatice use of money, time, or resources when one choice is made rather than another
- of Value: Apparent contradiction between the high value of nonessential items and the low value of an essential item
- tools, equipment, and factories used in production of goods and services; on of the four factors of production
- comparison of the cost of an action to its benefits
- measure of the amount of output produced in a specific time period with a given amount of resources; normally refers to labor, but can apply to all factors of production
- Something we would like to have but is not necessary for survival
- good intended for final use by consumers other than businesses
- Tangible economic product that is useful, transferable to others, and used to satisfy wants and needs
- risk taking individuals who introduce new products or services in search of profits; one of the facotrs of productions
- a social movement that was aimed at promoting the interests of consumers
37 Clues: comparison of the cost of an action to its benefits • markets in which goods and services are bought and sold • sum of people's skills, abilities, health, and motivation • markets in which productive resources are bought and sold • Good that lasts for at least three years when used regularly • good intended for final use by consumers other than businesses • ...
Economics Chapter 2 2024-05-09
Across
- Worst period of economic decline in US history, lasting from about 1929-1939.
- Market in which goods and services are sold illegally.
- Economic system characterized by a central authority that makes most of the major economic decisions.
- Gross domestic product on a per person basis; can be expressed in current or constant dollars.
- China's second Five-Year Plan, began in 1958, which forced collectivization of agriculture and rapid industrialization.
- Economic system that ha some combination of traditional, command, and market economies; also see modified free enterprise economy.
- Organized way a society provides for the wants and needs of its people.
- Independent Polish labor union, founded in 1980 by Lech Walesa.
- Meeting place or arrangement through which buyers and sellers interact to determine price and quantity of an economic product; local, regional, national, or global.
- Economic system in which government owns some factors of production and has a role in determining what and how goods are produced.
- Economic system in which private citizens own and use the factors of production to generate profit.
- Independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition.
- Number of people per square mile of land area.
- Successor of the European Coal and Steel Community established in 1993 by the Maastricht Treaty.
- Certificates that could be used to purchase government-owned property during privatization.
Down
- Economic system in which supply, demand, and the price system help people allocation resources and make the what, how, and for whom to produce decision; same as free enterprise economy.
- Shift of an economy, or part of an economy, from private ownership to government ownership.
- Comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry.
- Central planning authority in the former Soviet Union that devised and directed Five-Year Plans.
- Conversion of state-owned factories and other property to private ownership.
- Forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing.
- Fundamental restructuring of the Soviet economy; policy introduced by Garbachev.
- Economic system in which the allocation of scarce resources and other economic activity is the result of ritual, habit, or custom.
- Economic and political system in which factors of production are collectively owned and directed by the state; a theoretically classless society in which everyone works for the common good.
24 Clues: Number of people per square mile of land area. • Market in which goods and services are sold illegally. • Independent Polish labor union, founded in 1980 by Lech Walesa. • Organized way a society provides for the wants and needs of its people. • Conversion of state-owned factories and other property to private ownership. • ...
Economics Chapter 4 2024-05-10
Across
- Combination of quantities that someone would be willing and able to buy over a range of possible prices at a given moment.
- The portion of a change in quantity demanded that is due to a change in the relative price of the good.
- A measure of responsiveness that tells us how a dependent variable, such as quantity demanded or quantity supplied, responds to a change in an independent variable such as price.
- Different amounts of a product are demanded at every price. causing the demand curve to shift left or right.
- Rule stating that more will be demanded at lower prices and less at higher prices; an inverse relationship between price and quantity demanded.
- Products that increase the use of other products; products related in such a way that an increase in the price of one reduces the demand for both.
- Branch of economic theory that deals with behavior and decision making by small units such as firms and individuals.
- Additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a product.
- Competing products that can be used in place of one another; products related in such a way that an increase in the price of one increases the demand for the other.
- That portion of a change in quantity demanded caused by a change in a consumers income when the price of a product changes.
- Listing showing the quantity demanded at all possible prices that might prevail in the market at a given time.
Down
- Movement along the demand curve showing that a different quantity is purchased in response to a change in price.
- Decrease in additional satisfaction or usefulness as additional units of a product are acquired.
- Graph showing the quantity demanded at each and every possible price that might prevail in the market at a given time.
- The extent to which a change in the quantity demanded; demand elasticity has 3 cases: elastic, inelastic, unit elastic.
- Type of elasticity in which a change in the independent variable (usually price) results in a larger change in the dependent variable (usually quantity demanded or supplied).
- Elasticity where a change in the independent variable (usually price) generates a proportional change of the dependent variable (quantity demanded or supplied).
- Case of demand elasticity where the percentage change in the independent variable (usually price) causes a less than proportional change in the dependent variable (usually quantity demanded or supplied).
- Something that motivates.
- Demand curve that shows the quantities demanded by everyone who is willing and able to purchase a product at all possible prices at one moment in time.
20 Clues: Something that motivates. • Decrease in additional satisfaction or usefulness as additional units of a product are acquired. • Additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a product. • The portion of a change in quantity demanded that is due to a change in the relative price of the good. • ...
Economics Crossword Puzzle 2024-09-13
Across
- the study of how people seek to satisfy their needs and wants by making choices.
- an economic theory based on private property, self-interest, competition, and market mechanisms, with little to no government involvement.
- rewards that encourage positive behaviors that make people better off.
- the value of the best alternative you must pass up for an item.
- something that people desire but that is not necessary for survival.
- a market-based economic system in which the government is involved to some extent.
- an economic theory that advocates for a classless society in which the means of production are owned by the government and private property does not exist.
- the principle that limited amounts of goods and services are available to meet unlimited wants.
- penalties that are intended to discourage behaviors that make people worse off.
- all natural resources used to produce goods and services.
- the actions or activities that one person performs for another.
- someone who creates and supplies goods or services.
Down
- an economic theory based on the collective ownership of the means of productions for each individual to benefit equally from the economy.
- a person who decides how to combine resources to create goods and services.
- the act of buyers and sellers freely and willingly engaging in economic/market transactions.
- the knowledge and skills a worker gains through education and experience.
- used to compare goods and services in terms of money.
- the human-made objects used to create other goods and services.
- the physical objects that someone produces.
- options that must be given up when one is chosen rather than another.
- used to pay for goods and services.
- something essential for survival.
- an economic system in which the government makes all decisions on the three key economic questions.
- an economic system in which decisions on the three key economic questions are based on supply and demand and the voluntary exchange between buyers and sellers in markets.
- one that consumes, especially one that acquires goods or services for direct use or ownership.
- the effort people devote to tasks for which they are paid.
26 Clues: something essential for survival. • used to pay for goods and services. • the physical objects that someone produces. • someone who creates and supplies goods or services. • used to compare goods and services in terms of money. • all natural resources used to produce goods and services. • the effort people devote to tasks for which they are paid. • ...
Economics Definition words 2024-09-18
Across
- goods People buy instant noodles when their income is low, but buy higher quality food when they can afford it. What are the instant noodles considered in this situation?
- production: Elijah works in a factory to put different materials into the economy, what is this considered?
- This is when people are willing to buy different services or products at a certain price point.
- This person has complete control over his/her business
- A person goes to McDonalds and purchases a happy meal, What is this person?
- Raise in unemployment and fall in income.
- system Where buyers and sellers meet to trade goods and services
- This is when the economy is shared between businesses and the government
- Jamal owns a small portion of Tesla, what is another word to describe what Jamal has
- Jamal wants to spend money on goods for personal enjoyment, what is this?
- This states that as the price of a good or service rises, the quantity supplied of that good or service also increases and vice versa.
- Draymond goes to the bank to get a loan for a house, the bank gives him the money and in return he needs to pay what?
- Someone is currently making a new car to sell, what are they considered?
- This is when multiple businesses rely on each other
- price index: This measures how the cost of everyday items changes over time. It helps gauge inflation.
Down
- Jamal buys a business of a company with the expectation that he gets ROI. What is this considered?
- Bartholmew wants to make his business bigger by generating more profit and revenues, what is this considered?
- This system is mostly used in rural areas and uses techniques such as subsistence farming, hunting, fishing, and gathering.
- good: Elijah buys a printer, but the printer needs a cartridge. What is the cartridge considered?
- This is when prices increase over time
- This is when there is only one type of product or service, helping the business become specialized in this area.
- This causes the stock market to fall
- This is a market where you can buy long-term investments, such as stocks or bonds.
- The number of services or goods a business can give to people at a certain cost/price
- This is when as the prices get higher, people tend to not want that particular product anymore.
- confidence This measures how consumers feel about the state of the economy
- The price of coffee increased so people started buying tea instead. What can tea be considered in this situation?
- when a company is at its highest point of succession
- When supply and demand cross, as a result the prices become stable
29 Clues: This causes the stock market to fall • This is when prices increase over time • Raise in unemployment and fall in income. • This is when multiple businesses rely on each other • when a company is at its highest point of succession • This person has complete control over his/her business • system Where buyers and sellers meet to trade goods and services • ...
Economics Crossword Assignment 2024-09-18
Across
- Anyone who makes or grows a good, or provides a service to sell.
- The desire and ability to purchase goods or services at a certain price.
- The phase when business is at its highest and there is a rise in standards of living.
- Businesses rely on other businesses.
- The relationship between the quantity sellers want to sell during some time period and price
- When the price of goods and services increases, the amount that businesses want to supply increases, and vice versa.
- The level of need that includes the basic human needs.
- The increase of the prices for goods and services over time.
- Using new technology to improve existing products.
- The relationship between price and the amount of a good or service people want to buy
- Anyone who buys goods and services.
- An economy that makes decisions based on the past.
Down
- The phase when there is a rise in output, income, employment, prices and profit.
- The work people do to produce goods and services.
- The phase when the state of the economy is at its worst.
- The phase when demand decreases.
- The level of need that includes safety and security.
- The amount of goods or services that are able to be for sale.
- The level of need that includes love and belonging.
- The point where the amount supplied and demanded are at equal.
- An economy where the government owns everything and makes all the decisions.
- The theory that states a person does not feel a higher need until the level of their current needs is fulfilled.
- An economy where consumers, businesses, and the government make the decisions
- Equipment used to help produce another good efficiently.
- When the price of goods and services increases, the quantity demanded for them decreases,
25 Clues: The phase when demand decreases. • Anyone who buys goods and services. • Businesses rely on other businesses. • The work people do to produce goods and services. • Using new technology to improve existing products. • An economy that makes decisions based on the past. • The level of need that includes love and belonging. • ...
World Economics Crossword 2024-07-26
Across
- The action of buying and selling goods and services.
- The process of designing, launching, and running a new business.
- Legal minimum on the price at which a good can be sold.
- Government policy that uses changes in the money supply to influence the economy.
- Costs or benefits that affect third parties.
- Goods used to produce other goods and services.
- Measure of how much buyers and sellers respond to changes in market conditions.
- Where buyers and sellers come together.
- General increase in prices and fall in the purchasing value of money.
- Expenditure on goods that will be used to produce other goods in the future.
- Human effort used in production.
- The additional cost of producing one more unit of a good.
- The point at which quantity supplied equals quantity demanded.
- The process of creating goods and services.
Down
- Tax imposed on imported goods and services.
- Satisfaction or benefit derived from consuming a product.
- Ability of a country to produce a good at a lower opportunity cost than another country.
- Portion of income not spent on consumption.
- Exclusive control over a commodity or service in a particular market.
- Legal maximum on the price at which a good can be sold.
- Financial assistance given by the government to support a business or market.
- The total value of goods produced and services provided in a country during one year.
- Government policy that uses spending and tax policies to influence the economy.
- The loss of potential gain from other alternatives when one alternative is chosen.
- The presence of multiple firms competing in the same market.
- Limited availability of resources relative to wants and needs.
- General decline in prices, often associated with reduced consumer spending.
- The use of goods and services by households.
- The quantity of a good or service that consumers are willing to buy.
- The amount of a product or service available to consumers.
30 Clues: Human effort used in production. • Where buyers and sellers come together. • Tax imposed on imported goods and services. • Portion of income not spent on consumption. • The process of creating goods and services. • Costs or benefits that affect third parties. • The use of goods and services by households. • Goods used to produce other goods and services. • ...
Chapter 5 Economics 2023-03-02
Across
- states when prices decrease, quantity supplied decreases, and when prices increase, quantity supplied increases
- those that business owners incur no matter how much they produce
- the amount of goods and services that a person can produce in a given time
- lists how much of a good or service an individual producer is willing and able to offer for sale at each price
- a company's income from selling its products
- shows the data from a market supply schedule in graph form
- entails applying scientific methods and innovations to production
- the level of production at which a business realizes the greatest amount of profit
- the change in total output brought about by adding one more worker
- the sum of fixed and variable costs
- a measure of how responsive producers are to price changes in the marketplace
- the money made from the sale of each additional unit of output
- lists how much of a good or service all producers in a market are willing and able to offer for sale at each price
- a tax on the making or selling of certain goods or services
Down
- occurs when a change in the marketplace prompts producers to sell different amounts at every price
- shows the data from a market supply schedule in graph form
- occurs when hiring new workers causes marginal product to increase
- the desire and ability to produce and sell
- occurs when hiring new workers causes marginal product to decrease
- a set of rules or laws designed to control business behavior
- a rise or fall in the amount producers offer for sale because of a change in price
- having a worker focus on a particular aspect of production
- the extra cost of producing one more unit
- depend on the level of production output
- the price of the resources used to make products
25 Clues: the sum of fixed and variable costs • depend on the level of production output • the extra cost of producing one more unit • the desire and ability to produce and sell • a company's income from selling its products • the price of the resources used to make products • shows the data from a market supply schedule in graph form • ...
Economics unit 2 2023-02-02
Across
- money, especially banknotes
- lowest medieval social class
- ____stock; buying shares of stock in a company
- life, liberty, and property (2 words)
- taxes placed on foreign goods
- people are born without limits placed by heredity (2 words)
- being responsible for something by law
- John, who promoted the "blank slate"
- fencing off of land for private use
- new middle class, following the end of feudalism
- state of being free
- anything that motivates you to succeed
- this system provided stable currency and loans
Down
- economic system featuring "fixed wealth," command economies, and craft guilds
- business as a legal entity of its own
- property that one personally owns
- shift of peasantry to towns
- medieval social class just below the king
- philosophical movement that emphasized the value of individual rights
- financial gain
- written rules for a government to follow
- this was lowered by joint stock & incorporation
- money or assets needed to start a business
- charges on money that is borrowed
- _____ capitalist; person who provides capital for a share of profits
- _____ of _____, formed in 1694
26 Clues: financial gain • state of being free • money, especially banknotes • shift of peasantry to towns • lowest medieval social class • taxes placed on foreign goods • _____ of _____, formed in 1694 • property that one personally owns • charges on money that is borrowed • fencing off of land for private use • John, who promoted the "blank slate" • business as a legal entity of its own • ...
Economics Vocabulary Review 2023-01-23
Across
- the unit of money that is circulated in the United States
- the price you pay to borrow money
- Someone who buys goods and services
- the former currency in Italy
- the amount of money a person receives for exchanging one country's currency for another country's currency
- a way to buy something now but pay for it in the future
- The amount of a good or service available to the consumers
- the former currency in France
- Things that are grown or made
- production and prices are determined by competition between businesses
Down
- How people, businesses, and governments make choices to earn and spend money
- the former currency in Germany
- the unit of money that is circulated in Mexico
- How much consumers want a good or service
- An economic system for dealing with money where the citizens own and run companies
- the unit of money that is circulated in Japan
- Work that someone does for someone else
- the currency used by most European countries
- Someone who makes or grows goods or offers services
- The paper money and coins that are "current" in a country
20 Clues: the former currency in Italy • the former currency in France • Things that are grown or made • the former currency in Germany • the price you pay to borrow money • Someone who buys goods and services • Work that someone does for someone else • How much consumers want a good or service • the currency used by most European countries • ...
Economics Crossword Puzzle 2023-02-06
Across
- a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
- the production of goods that will be used to produce other goods.
- Things that are inputs to production of goods and services.
- services are tasks performed for the benefit of the recipients
- the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world.
- belief in the benefits of profitable trading; commercialism.
- anything that helps us produce things faster, better or cheaper.
- the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
- Demand refers to the consumer's desire and willingness to buy a product or service at a given period or over time.
- the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year.
- refers to the school of thought of economics that originated in the late 18th and early 19th centuries, especially in Britain.
- the amount of physical, mental, and social effort used to produce goods and services in an economy.
- the amount by which the cost of a country's imports exceeds the value of its exports
Down
- the ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options.
- the amount by which the value of a country's exports exceeds the cost of its imports.
- the difference in value between a country's imports and exports.
- when someone is able to work and wants to work but is unable to find employment.
- Goods are tangible items sold to customers
- the total amount of a given product or service a supplier offers to consumers at a given period and a given price level.
- refers to the policy of protecting domestic industries against foreign competition through tariffs, import quotas and subsidies, or other restrictions placed on the imports of foreign competitors.
- it means that the demand for a good or service is greater than the availability of the good or service.
- a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
- an increase in the general price level of goods and services in an economy.
- the amount of money that a buyer gives to a seller in exchange for a good or a service.
24 Clues: Goods are tangible items sold to customers • Things that are inputs to production of goods and services. • belief in the benefits of profitable trading; commercialism. • services are tasks performed for the benefit of the recipients • the difference in value between a country's imports and exports. • ...
Economics Crossword Puzzle 2023-02-06
Across
- a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
- the production of goods that will be used to produce other goods.
- Things that are inputs to production of goods and services.
- services are tasks performed for the benefit of the recipients
- the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world.
- belief in the benefits of profitable trading; commercialism.
- anything that helps us produce things faster, better or cheaper.
- the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
- Demand refers to the consumer's desire and willingness to buy a product or service at a given period or over time.
- the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year.
- refers to the school of thought of economics that originated in the late 18th and early 19th centuries, especially in Britain.
- the amount of physical, mental, and social effort used to produce goods and services in an economy.
- the amount by which the cost of a country's imports exceeds the value of its exports
Down
- the ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options.
- the amount by which the value of a country's exports exceeds the cost of its imports.
- the difference in value between a country's imports and exports.
- when someone is able to work and wants to work but is unable to find employment.
- Goods are tangible items sold to customers
- the total amount of a given product or service a supplier offers to consumers at a given period and a given price level.
- refers to the policy of protecting domestic industries against foreign competition through tariffs, import quotas and subsidies, or other restrictions placed on the imports of foreign competitors.
- it means that the demand for a good or service is greater than the availability of the good or service.
- a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
- an increase in the general price level of goods and services in an economy.
- the amount of money that a buyer gives to a seller in exchange for a good or a service.
24 Clues: Goods are tangible items sold to customers • Things that are inputs to production of goods and services. • belief in the benefits of profitable trading; commercialism. • services are tasks performed for the benefit of the recipients • the difference in value between a country's imports and exports. • ...
economics crossword project 2023-06-09
Across
- a limit you set for yourself
- the amount you pay for something
- people who offer goods for payment
- something containing value or future benifit
- when prices rise uncontrolably
- when people dont have a job
- before taking deductions for expenses
- the usefulness of something
- when two people try to better the other
Down
- how rare something is
- things people do for work
- the rate something is wanted
- people who purchase goods
- the change in buyers behaviors
- trust you have to build
- anything that confers value
- when gdp drops
- how much something is worth
- things people need
- someone who works for themself
- work
- the specific amount of something
- the amount of money you owe
- the rate prices rise
- contribution to state revenue
25 Clues: work • when gdp drops • things people need • the rate prices rise • how rare something is • trust you have to build • things people do for work • people who purchase goods • anything that confers value • how much something is worth • when people dont have a job • the amount of money you owe • the usefulness of something • the rate something is wanted • a limit you set for yourself • ...
The BOsS Economics 2023-05-22
Across
- a table that shows the relationship between the price of a good and the quantity demanded
- A business owned by one person
- A market in which there are many buyers but only one seller.
- fixed costs plus variable costs
- A legal maximum on the price at which a good can be sold
- economy Economic decisions are made by individuals or the open market.
- money received, especially on a regular basis, for work or through investments.
- A legal minimum on the price at which a good can be sold
- Price x Quantity
- a graph of the relationship between the price of a good and the quantity supplied
- What you expect prices to do in the future can influence your buying habits today.
Down
- when consumers react to an increase in a good's price by consuming less of that good and more of other goods
- an establishment formed to carry on commercial enterprise
- A focus on a particular activity or area of study
- the cost of producing one more unit of a good
- total revenue minus total cost
- Trends and fashions that are highly desirable to the consumer
- the change in consumption resulting from a change in real income
- A market structure in which a few large firms dominate a market
- The application of scientific knowledge for practical purposes
20 Clues: Price x Quantity • A business owned by one person • total revenue minus total cost • fixed costs plus variable costs • the cost of producing one more unit of a good • A focus on a particular activity or area of study • A legal maximum on the price at which a good can be sold • A legal minimum on the price at which a good can be sold • ...
