Economics Crossword

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