Economics
Across
- 6. consumers decide whether to consumer the “next” unit of a good
- 8. increase government spending
- 9. organize and distribute available resources,
- 10. consumers can be “_______” to make choices voluntarily that are better for them and thus for society
- 13. Increase money supply: lower reserve requirements for banks
- 16. economists that assume that consumers are rational.
- 17. the field of economics that looks at the economic behaviors of individuals, households, and companies.
- 18. takes a wider view and looks at the economies on a much larger scale—regional, national, continental, or even global.
Down
- 1. Economic decisions are made by individuals competing to earn profits based on supply and demand in this economy
- 2. a means by which societies or
- 3. and goods across a geographic region or country.
- 4. the founding father of economics
- 5. An economic system where tradition and custom govern economic decisions
- 7. general rise in the price level of an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services
- 11. When private producers are left alone to decide what to produce and how to produce it, they are guided by the…
- 12. Combines elements of pure market and command economies; Government and individuals share the economic decision making process in this economy
- 14. The government or other central authority makes all economic decisions in this type of economy
- 15. anything that gives value or benefit to its owner