Economics Chapters 1-5

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Across
  1. 2. the line on a graph that represents the amount of a goods or service that consumers will buy at different prices.
  2. 4. not enough of a certain resource.
  3. 6. the cross at a point.
  4. 8. the use of science to create new or better goods and services or more efficient methods of production.
  5. 9. the amount of money that a person makes in a certain time period.
  6. 11. at a given price, more of a good or service is available than people want to buy.
  7. 13. capable of being used in place of another .
  8. 16. the use of resources to produce only a single good.
  9. 17. something provided by nature.
  10. 19. a diagram that shows the relationship between two or more sets of things.
  11. 21. costs of things such as natural resources.
  12. 22. the amount of a good or service that consumers are willing and able to buy.
  13. 23. the amount goods and services produced by a worker or business in a given time period.
  14. 24. natural resources, labor, capital, and entrepreneurs.
  15. 26. the line on a graph that represents the amount of a goods or service that producers are willing to supply at different prices.
  16. 28. the price at which the amount demanded equals the amount supplied.
  17. 29. a way to measure how well the needs and wants of citizens are being met by a country's economic system.
  18. 30. workers
  19. 31. whatever is given up when a choice must be made.
  20. 33. an economic system in which the government controls the production and distribution of goods and services.
  21. 36. goods that can take the place of others.
  22. 37. a person responsible for managing and directing a company
  23. 38. the amount of a good or service that producers are willing and able to produce at different prices.
Down
  1. 1. an activity performed for others for money.
  2. 3. a person who comes up with ideas for producing goods and services.
  3. 5. a person who buys goods and services.
  4. 7. goods that are used with eachother.
  5. 10. an economic system in which individuals control the production and distribution of goods and services.
  6. 12. law which states that consumers will buy more of a good or service as the price goes down.
  7. 13. something that encourages people to work harder or to produce more.
  8. 14. human made items, such as machines and tools, that are used to produce goods and services.
  9. 15. the way that a country or culture produces and distributes goods and services.
  10. 18. products that a business has in stock and ready to be sold.
  11. 20. law which states that producers are willing to supply more of a good or service as the price becomes higher.
  12. 25. an economic system based on past ways of life and culture.
  13. 27. the money made by a business or person after all costs have been paid.
  14. 29. at a given price, people want to buy more of a good or service than is available.
  15. 32. the study of how people, businesses, and governments choose to use their limited resources.
  16. 34. an economic system that includes both private ownership of property and government control of some services and industries.
  17. 35. shoes and electronics are an example of this.