Economics Crossword
Across
- 1. The income received from the activity of the enterprise
- 5. Things used to aid in the production of other goods
- 8. A government regulation stipulating the maximum price that can be charged for a product
- 10. A method of analyzing firm behaviour that highlights mutual interdependence between firms
- 12. The effect that a price change has on real income
- 14. Human physical and mental effort that can be used to produce goods and services
- 15. The productive resources that are available to an economy, categorized as land, labour, capital, and enterprise
- 21. Total product divided by the quantity of inputs used to produce that total
- 22. Controls Government regulations to set either a maximum or minimum price for a product
- 24. Products that tend to be purchased jointly and whose demands therefore are related
- 28. Cost advantages achieved as a result of large-scale operations
- 32. Total fixed cost divided by the quantity of the output
- 33. The quantity that prevails at the equilibrium price
- 35. Total cost divided by quantity of output
- 36. Benefits or costs of a product experienced by people who neither produce nor consume that product
- 37. A change in the quantities demanded at every price
- 38. The human resource that innovates and takes risks
- 39. the study of how the major components of an economy interact
- 40. The responsiveness of quantity demanded to a change in income
- 42. Goods or services whose benefits are not affected by the number of users and from which no one can be exluded
- 43. The period of time during which all inputs are available
- 44. The study of the outcomes of decisions by people and firms through a focus on the supply and demand of goods, the cost of production, and market structures
Down
- 2. INcome measured in terms of the amount of goods and services that it will buy
- 3. A market in which a single firm is the sole producer
- 4. Goods used by consumers to satisfy their wants and needs
- 6. The annual cost of any asset that is expected to be in use for more than one year
- 7. A tax (or duty) levied on imports
- 9. The price at which the quantity demanded equals the quantity supplied such that there is neither a surplus nor a shortage
- 11. Quantity demanded that is quite responsive to change in price
- 13. A limit imposed on the production or sale of a product
- 16. The quantities that producers are willing and able to sell per period of time at various prices
- 17. The amount that consumers are willing and able to buy
- 18. The advantage that comes from producing something at a lower opportunity cost than others are able to do
- 19. All human-made resources that can be used to produce goods and services
- 20. Obstacles that make it difficult for new participants to enter a market
- 23. A market dominated by a few large firms
- 25. A market in which all buyers and sellers are price takers
- 26. A mechanism that brings buyers and sellers together and assists them in negotiating the exchange of products
- 27. An association of sellers acting in unison
- 29. A change in the quantities supplied at every price
- 30. Revenue over and above all costs, including normal profits
- 31. The amount of revenue received per unit sold
- 34. Quantity demanded that is not very responsive to a change in price
- 41. An agreement among suppliers to set the price of a product or the quantities each will produce