Bonus points for economics

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Across
  1. 3. a branch of economic theory that deals with behavior and decision making by small units like individuals and firms
  2. 4. A branch of economics that deals with the economy as a whole
  3. 7. economic system in which private citizens own and use the factors of production in order to generate profits
  4. 10. A decline in the general level of prices
  5. 13. A percentage a bank will pay to depositors or charge to borrowers
  6. 14. the stage of economic and political system necessary for a country to reach the ideal of communism
  7. 16. rise in general level of prices
  8. 18. The use of scarce resources, and nearly all economic activities- stems from rituals, habits, or customs
  9. 19. A situation in which the quantity demanded is greater than the quantity supplied
Down
  1. 1. A situation in which the quantity supplied is greater than the quantity demanded
  2. 2. the study of how people try to satisfy seemingly unlimited and competing needs and wants with the careful use of relatively scarce resources
  3. 5. A central authority makes the major decisions about WHAT, HOW, and FOR WHOM to produce
  4. 6. Economic system that has some combination of traditional, command, and market economics
  5. 8. A market structure with only one seller of a particular product
  6. 9. simply something we would like to have but it is not necessary for survival
  7. 11. are a basic requirement for survival
  8. 12. Is one where the WHAT, HOW, and FOR WHOM questions are primarily answered by people who make supply and demand decisions in their own best interests
  9. 15. Payment made for the use of borrowed money
  10. 17. Alternative that must be given up when one choice is made rather than another