Economics Crossword Puzzle 2
Across
- 2. a tax on imported goods
- 4. intangible and produced by labor and for which people expect to pay
- 6. economics has sometimes been referred to as this
- 11. what the world cannot give but Christ can (John 14:27)
- 12. as one's supply of a good increases, the satisfaction derived from each additional unit tends to decrease
- 16. the study of specific components within an economy
- 19. the part of the business cycle where a receding economy reaches its lowest point
- 20. Menger said it could be worth more than diamonds
Down
- 1. the study of national and global economics and how these major economies are affected by large-scale choices and public policies
- 3. good or service that has a price tag of zero
- 5. the idea that everyone has unlimited wants
- 7. the condition in which there are not enough goods to satisfy all wants
- 8. a good whose demand decreases as consumer's incomes increase
- 9. the value of the best alternative that is foregone when a different alternative is taken
- 10. the value of all the things people own
- 13. a good capable of being used in place of another good
- 14. founder of the Austrian school of economics
- 15. a king in the book of Ecclesiastes who contemplated the idea of insatiability
- 17. tools or resources used to produce or distribute goods
- 18. economics is a science of this