Economics: Chp. 1 Everybody's Economics

4. Things produced for direct use by consumers.
7. The type of economics that is the study of national and international economies.
8. Anything used in the production and distribution of goods and services.
10. Seek to show relationships among the various components of an economy.
11. Usefulness of a good.
13. A market of a very large number of people where large quantities are sold.
16. People who use goods.
17. Persons who work to provide goods.
18. The type of economics that deals with the study of specific components within a major economy.
19. Worth that consumers attach to a certain item.
21. Amount of a good that is bought at a certain price under certain conditions.
22. A tangible item that people want and for which they will pay.
24. Seeks to help those making decisions to make wise economic choices.

1. This group of American settlers began their economy out of almost nothing.
2. The study of the choices that individuals & societies make in the production, distribution, and consumptiomn of goods.
3. Any system for the production, distribution, & consumption of goods and services.
5. Human desire to have and use a certain good.
6. Ship that the Pilgrims used to come to America.
9. Limited availablity; or lack of something.
12. The quantity of a good for sale at a certain price.
14. Intangible goods produced by labor for which people expect to pay.
15. Pilgrim governor who helped Plymouth colony to survive.
16. Economic system that Governor Bradford found contrary to God's wisdom.
20. Old word for the bad habit of spending more than one can afford.
23. Mechanism that allows people to exchange goods.