ECONOMICS CROSSWORD

2. A type of unemployment that occurs when people are temporarily out of work while transitioning to a new job
3. The study of how people make decisions to satisfy their needs and wants.
5. A tax that takes a higher percentage of income from low-income earners.
7. The money left over after all expenses are paid
8. A measure of how well resources are used to produce goods and services
10. A market structure with many firms selling identical products.
11. The price at which the quantity supplied equals the quantity demanded.
13. The measure of how responsive the quantity demanded of a good is to a change in its price.
14. A market structure with only a few firms dominating the industry.

1. A government's policy to control the money supply and interest rates to achieve economic goals.
4. COST The cost of forgoing the next best alternative when making an economic choice.
6. The total dollar value of all final goods and services produced in an economy in a given period.
9. The theory that individuals and businesses seek to maximize their utility and profit.
12. The branch of economics that focuses on the behavior of the economy as a whole.