Economics Final

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Across
  1. 4. When one person or company controls everything
  2. 8. Using fewer resources than an economy is capable of using
  3. 10. Interest on top of interest
  4. 13. A tax on imported goods
  5. 16. When supply and demand are equal
  6. 18. A required payment to the government
  7. 19. A constant price
  8. 21. GDP measured in current prices
  9. 22. Minimum allowed price
  10. 23. Limited goods and services to meet unlimited wants
  11. 24. GDP measured in constant, unchanging prices
  12. 25. A price that changes depending on quantity produced
Down
  1. 1. The extra benefit of adding one unit
  2. 2. When someone takes time to look for a job
  3. 3. The most desirable alternative given up as a result of a decision
  4. 5. The act of giving up one benefit in order to gain another
  5. 6. When supply is higher than demand
  6. 7. When demand is higher than supply
  7. 9. the degree to which a demand or supply is sensitive to changes in price or income
  8. 11. Maximum allowed price
  9. 12. Someone who wants a job but has given up looking
  10. 14. A general increase in prices across an economy
  11. 15. When a few large firms control a market
  12. 17. The extra cost of adding one unit
  13. 20. When you maximize the output of goods and services