Applied Economics

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