Econ 1-1 Intro & Incentives

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Across
  1. 5. Using the wrong ___ , the policy will not work, & we lose the most effective care at the lowest cost.
  2. 7. ___ cost is the video you're NOT watching, when you attend school and watch crash course.
  3. 8. Understanding economics can help you make ___ , but economics is not really the study of ___ .
  4. 9. Right Incentive: States reward colleges for the number of students that earn ___ , increasing graduation rates.
  5. 12. There is no role for ___ in economics: We simply point out that military spending has opportunity costs.
  6. 14. ___ means that we have limited resources, so we analyze choices to get the most from those resources.
  7. 15. Economics is not the study of the ___ ___ , or forecasting what will happen in the economy.
  8. 17. Wrong Incentive: Money goes to college for each student ___ , so college may not to care if student succeeds
  9. 18. ___ focuses on issuing taxes, firing workers, & release dates for products. Details of the economy
  10. 19. While conservatives & liberals fight, economists adjust theories that are supported by ___ .
  11. 20. We use economics when we attend school; That means we feel the ___ of school outweigh the cost.
Down
  1. 1. ___ are tragic, but we don't prevent them at all costs. We weigh benefits & costs of driving and make choices.
  2. 2. Economics does not push a political agenda. It does not support only anti-business ___ .
  3. 3. In Crash Course, we will cover the good stuff, the fun stuff, the real world ___ of economics.
  4. 4. If you pay people for rat tails, they may cut off the tails & release the rats, so they can make ___ ___ .
  5. 6. Economics does not push a political agenda. It does not support only pro-business ___ .
  6. 10. Right incentive backfires: college receives money for graduates & pushes students through without an ___ .
  7. 11. ___ economics studies the entire economy: e.g. interest rates, gov spending, unemployment, the nation's output .
  8. 13. Economics is the study of ____ ; It’s the study of where a person gets their income & how they use it.
  9. 14. To improve healthcare, economists want to find the right incentives, rather than to ___ more ___ .
  10. 16. Studying economics will not make you rich, but it will turn you into an ___ decision maker.