economics
Across
- 5. the additional benefit arising from a unit increase in a particular activity.
- 6. a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates.
- 8. inputs needed for the creation of a good or service
- 11. the loss of potential gain from other alternatives when one alternative is chosen.
- 13. someone who owns an unincorporated business by himself or herself
- 16. the time-bound restrictions governments impose on trade
- 17. portrays the cost of society's choice between two different goods.
Down
- 1. when people who work in seasonal jobs become unemployed when demand for labor decreases.
- 2. the cost added by producing one additional unit of a product or service.
- 3. the amount of an asset or resource that exceeds the portion that is utilized.
- 4. a tax imposed by a government on goods and services imported from other countries that serves to increase the price and make imports less desirable, or at least less competitive, versus domestic goods and services
- 7. the unemployment which exists in any economy due to people being in the process of moving from one job to another.
- 9. a business entity that is owned by its shareholder(s), who elect a board of directors to oversee the organization's activities
- 10. the state of being scarce or in short supply; shortage.
- 12. when the quantity demanded exceeds the quantity supplied
- 14. unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
- 15. a condition or state in which economic forces are balanced.