applied economics

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Across
  1. 3. are negative reasons that cause people to leave their homes.
  2. 4. System that dictates how resources are allocated to different sectors of society.
  3. 5. Tangible targets that almost all economies strive towards.
  4. 7. is the point where quantity supplied is equal to quantity demanded.
  5. 9. people who leave one country or region to settle in another.
  6. 12. is when labor supply is greater than labor demand.
  7. 13. Occurs when people are in between jobs or, if they do not have work, are actively seeking it
  8. 16. happens when labor demand is greater than labor supply
  9. 18. It is the set of all quantities supplied at different price levels.
  10. 20. The amount of labor that is being hired at the equilibriumwage is called
  11. 23. enter and settle in a foreign country
  12. 25. The intellectual capacity to organize and put together other factors of production to produce goods and services the society needs.
  13. 28. Seeks to understand how choices are made
  14. 31. giving everyone the same resources.
  15. 33. Investments made toward improving the human element of production
  16. 35. are workers who engage in hard manual labor.
  17. 40. One of the key goals of AmBisyon 2040
  18. 43. are compulsory contributions to the government
  19. 48. Economic development that meets meets the needs of the present without compromising the needs of future generations
  20. 50. Subset of economics that focuses on aggregatesand groups of agents
  21. 53. As the price of goods and services increases, the quantity demanded decreases.
  22. 54. is the amount of labor employers seek to hire over a period of time
  23. 55. is the price of every unit of a foreign currency valued in the domestic currency.
  24. 56. Goods that are demanded or consumed in place of another good
  25. 57. are peoplewho, because of aproblem in their formerhome, have immigratedto a new country orregion.
  26. 58. Refers to the tangible human element in the production process
  27. 59. A person is unemployed if they are actively seeking work but are unable to find any.
Down
  1. 1. Includes the monetary costs, time, and effort
  2. 2. Because there is scarcity, people have to choosewhich wants to satisfy first.
  3. 4. An arrangement where the employee will provide services for the employer.
  4. 6. Refers to resources that can be attributed to the land or the sea.
  5. 8. Measure of the welfare of an economy’s members
  6. 10. The government may support, or even require, rules that set high qualifications for certain jobs.
  7. 11. are special grants by the government in financial aid, tax exemptions, or privileges.
  8. 14. excess demand in the market
  9. 15. Also known as socialism or communism
  10. 17. When people are required to have more education, training, and skills, it can cause a decrease in labor supply.
  11. 19. Physical tools and equipment that make production more efficient
  12. 21. is the price where both the price for the quantity demanded is equal to the price for the quantity supplied.
  13. 22. are known as suit-and-tie workers who do professional, desk, managerial, and administrative work.
  14. 24. When either demand or supply shifts, quantity demanded or supplied changes for every price.
  15. 26. The condition where people lack the resources to meet their basic needs.
  16. 27. The quantity demanded and quantity supplied at equilibrium is also called
  17. 29. It is the number of units that a seller is willing to produce at any given price.
  18. 30. are positive aspects that attract people to moveto another region or location.
  19. 32. are goods and services that vary inversely with income.
  20. 34. consists of labor demand or the number of labor employers seek to hire and labor supply or the amount of labor offered for hire.
  21. 36. The limited availability of a resource, good, or service
  22. 37. fairness, giving more to those who need more.
  23. 38. is the order of an individual’s choices and alternatives based on their relative utilit
  24. 39. Goods that are demanded or consumed along with other goods.
  25. 41. The satisfaction or usefulness the consumption of a good can bring
  26. 42. Refers to investments made to improve production.
  27. 44. are price floors for labor.
  28. 45. The overall expansion of an economy
  29. 46. the price of goods and services increases, the quantity supplied also increases.
  30. 47. is the amount of labor offered for hire over a particular period.
  31. 49. Any improvement in production enable firms to produce more.
  32. 51. Subset of economics that focuses on the decisions of smaller agents.
  33. 52. The misuse of public power in the pursuit of private gain.