ECON REVIEW

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Across
  1. 5. suppliers offer more of a good at a higher price
  2. 6. A business started by two people
  3. 10. unemployment because the labor market is unable to provide enough jobs
  4. 11. quantity limit on imports
  5. 12. limited quantity of resources
  6. 15. cost of producing one more unit of a good
  7. 18. sheilding an economy from imports
  8. 19. someone who takes a risk to start a business
  9. 20. sacrifice made when we make a decision
  10. 21. free of gov. interference (international trade)
  11. 24. unemployment occurs when people take time to find a job
Down
  1. 1. business owned by stockholders
  2. 2. land, labor, capital
  3. 3. most desirable alternative given up for a decision
  4. 4. unemployment because of season/schedules
  5. 7. quantity demanded is greater than the quantity supplied
  6. 8. benefit of consumer from consuming one more unit of a good/service
  7. 9. graph showing an economy's use of resources
  8. 13. A business started by a single person
  9. 14. comparing what you will sacrifice and gain by a specific action
  10. 16. tax on imports
  11. 17. quantity supplied and demanded are equal
  12. 22. quantity supplied is greater than quantity demanded
  13. 23. consumers buy more of a good at a lower price
  14. 25. assets or tools used in production