Economics

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Across
  1. 5. Economist known for free-market advocacy, Milton Friedman
  2. 6. When government removes regulations
  3. 7. The responsiveness of demand or supply to price changes
  4. 9. A good that is bought and sold
  5. 11. An increase in the value of an asset
  6. 12. The extra benefit given to encourage behavior
  7. 14. Ownership shares in a company
  8. 16. Government spending and taxation policies
  9. 18. A limit on imports
  10. 20. The total value of goods and services produced in a country
  11. 21. A legal minimum hourly wage
  12. 23. The cost of the next best alternative given up
  13. 26. A person who acts on behalf of another
  14. 27. The place where stocks are bought and sold
  15. 30. A person who invests in a company
  16. 33. A tax placed on imported goods
  17. 34. The amount of money earned from work or investments
  18. 35. When general prices rise over time
  19. 36. Total amount of goods and services consumers want
  20. 38. The original sum of money borrowed
  21. 39. The value of assets minus liabilities
Down
  1. 1. When supply is greater than demand
  2. 2. When general prices fall over time
  3. 3. Economic system based on private ownership and markets
  4. 4. A market structure dominated by a few firms
  5. 8. Market structure with only one seller
  6. 10. Money borrowed that must be repaid
  7. 13. The amount charged for borrowing money
  8. 15. Total amount of goods available for sale
  9. 17. The father of modern economics who wrote The Wealth of Nations
  10. 19. The study of individual consumers and firms
  11. 21. The study of the economy as a whole
  12. 22. When economic growth slows or stalls
  13. 24. A period of economic decline
  14. 25. Economic theory associated with Karl Marx
  15. 28. The ability to produce goods and services
  16. 29. When a country buys and sells without restrictions
  17. 30. Economic system where government owns resources
  18. 31. A payment made to shareholders from company profits
  19. 32. The difference between revenue and cost
  20. 37. A tax on income or goods