AP ECON PUZZLE ERIC C

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Across
  1. 3. Anything that is generally accepted as payment for goods/services.
  2. 5. The amount a lender charges borrowers for borrowing money. "price of a loan"
  3. 6. Goods and services are traded directly, no money exchanged.
  4. 7. making decisions based on increments.
  5. 9. When annual government spending and transfer payments are greater than tax revenue.
  6. 10. Countries with solid institutions and political stability generally have had more economic growth.
  7. 11. Output per unit of input.
  8. 13. A federal program that requires payments to any eligible person which MUST be paid.
  9. 16. Change in trade, technology, or resource quanitity
  10. 17. Network of institutions that link borrowers and lenders. (like banks)
  11. 18. Countries that have access to more resources are more productive.
  12. 22. The change in real GDP per capita over time.
  13. 23. Countries that have better education and training are more productive.
  14. 24. All budget deficits over time.
  15. 25. Shows alternative ways an economy can use its scarce resources
  16. 26. The effect of government borrowing on private sector spending.
Down
  1. 1. Annual government spending + transfer payments are less than tax revenue.
  2. 2. Increases physical capital and is considered supply-side policy.
  3. 4. Current worth of some future amount of money.
  4. 8. General rising of prices
  5. 12. unlimited wants but limited resources.
  6. 14. The ease which an asset can be converted to a medium of exchange.
  7. 15. Anything tangible or intangible that has value.
  8. 19. Capitalism promotes innovation and provides incentives to improve productivity.
  9. 20. Countries that have more machines/tools are more productive.
  10. 21. producer than can produce the most output with the least number of inputs.