Chapter 2 Economics
Across
- 2. turn factors of production into products
- 10. economic decisions are made by a central authority
- 11. government has a hands off role in the economy
- 14. 3words basic economic question
- 15. 2words people below this line may receive government aid
- 16. 2words government ability to take private property for public use
- 17. consumers have an ______ to seek out the best quality at the lowest price
- 19. 3words basic economic question
Down
- 1. economic decisions are made based on how they were taught
- 2. 2words idea that producers are free to enter the marketplace
- 3. 2words free market does not always distribute resources effectively
- 4. 2words reason why people enter business
- 5. economic decisions in the united states economy are based on the ____
- 6. provide the firms with factors of production
- 7. bring buyers and sellers together
- 8. total value of all goods and services produced
- 9. 2words goods and services available to everyone
- 12. using new technology to increase productivity
- 13. struggle between buyers and sellers
- 18. 2words basic economic question ___ ____ to produce