Applied Economics
Across
- 2. Goods that are demanded or consumed along with other goods.
- 5. Refers to resources that can be attributed to the land or the sea.
- 8. The satisfaction or usefulness the consumption of a good can bring.
- 11. GDP - Focuses on the value of goods and services produced in a given time period with constant prices.
- 12. Enter and settle in a foreign country or region, leaving a past.
- 14. Refers to the investments made improve production
- 15. It is the curve shows the change in quantity given in price
- 16. demand - Is the amount of labor employers seek to hire over a period of time.
- 17. Are people who, because of a problem in their former home, have immigrated to a new country or region.
- 18. Are people who leave one country or region to settle in another.
- 21. Purchase of goods by individuals and households.
- 22. Growth - The increase in real gross domestic product or GDP.
- 24. Looks at aggregates and larger economic agents.
- 26. Because there is scarcity, people have to choose which wants to satisfy first.
- 27. factors - Are positive aspects that attract people to move to another region or location.
- 28. Spending by firms and households on capital and long-term goods.
- 32. Are compulsory contributions to the government.
- 33. It is caused by non-price determinants or factors.
- 35. Refers to the tangible human element in the production process
- 36. This is where buyers and sellers meet to exchange goods and services.
- 38. Goods - Are goods where the demand is independent of the price of other goods.
- 39. Can complement or replace existing labor.
Down
- 1. Goods - are goods and services that vary inversely with income.
- 3. Income generated by firms operating in the country.
- 4. Goods that are demanded or consumed in place of another good.
- 6. GDP - Refers to the value of the gross domestic product that is not adjusted for inflation.
- 7. is the order of an individual's choices and alternatives based on their relative utility (satisfaction).
- 9. Increase in the value of capital goods.
- 10. It focuses on individuals and smaller economic agents.
- 13. Opportunity costs of engaging in leisure.
- 19. factors - Are negative reasons that cause people to leave their homes.
- 20. Goods - Is the housing and rental spaces are.
- 23. Excess supply in the market.
- 25. Cost - The value of the next best alternative.
- 28. Refers to an increase in the average price levels of an economy’s basket of goods over a period of time.
- 29. Are special grants by the government in financial aid, tax exemptions, or privileges.
- 30. rate - is the price of every unit of a foreign currency valued in the domestic currency.
- 31. The limited availability of a resource, good, or service.
- 34. Debt - Big loans promote inflation and if inflation is high, the debt will be serviced and eventually paid off with cheaper actual dollars
- 37. Income that comes from the ownership of land.