Intro to economics

12345678910111213141516
Across
  1. 2. A general rise in prices
  2. 5. Economic system that calls for common ownership and central planning
  3. 9. The branch that examines the economy as a whole
  4. 11. choosing one option forces you to give up another
  5. 12. Economic system based on cooperative production and limited private ownership
  6. 13. social science studying production, distribution and consumption
  7. 15. Metaphor that describes self-interest promoting society’s well-being
  8. 16. in agrarian societies, individuals produced necessities for their consumption
Down
  1. 1. The branch of economics that studies individual consumers and firms
  2. 3. They may predict future economic conditions that will move markets and guide investment decisions.
  3. 4. Medieval European economic/political system with lords and peasants
  4. 5. measures the level of retail price changes, and the costs that consumers pay
  5. 6. Economic system with private ownership and profit-driven production
  6. 7. author of the Wealth of Nations
  7. 8. broadest measure of a country’s economic performance
  8. 10. limited resources vs unlimited wants
  9. 14. Ancient Greek farmer and poet who wrote about efficient use of labor, time, and materials.