Economics Crossword Puzzle

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Across
  1. 4. Someone who does not pay to use a public good
  2. 5. TFC+TVC
  3. 9. Social science studies on how limited resources are used to satisfy unlimited wants
  4. 10. Non-cash assets that can be quickly turned into cash
  5. 12. Occurs when marginal product starts to fall
  6. 14. The total spending on an economy's G and S at a given price level in a given time period
  7. 16. A tax imposed on imports or exports
  8. 17. The sale of state-owned public sector business to the private sector
  9. 18. New industries that have a low output and high average cost
  10. 19. Protecting domestic producers from foreign competition
  11. 20. A measure of the relationship between the price a country receives for its exports and the price it pays for imports
  12. 21. A fall in the inflation rate
Down
  1. 1. Policy measurers designed to reduce imports and exports by reducing demand
  2. 2. The change in total costs from increasing output by one extra unit
  3. 3. Occurs when there are two or more interacting decision-takers (players) and each decision or combination of decisions involves a particular outcome
  4. 6. A man-made aid to production
  5. 7. Any profit in excess of normal profit
  6. 8. When two businesses in the same industry at the same stage of production become one
  7. 11. When consumption by one person reduces availability for others
  8. 13. One that has adverse side effects when consumed
  9. 15. A tax that is levied on goods and services