Economics Final (2)

1234567891011121314151617181920212223
Across
  1. 1. economist who advocates for unrestricted free trade
  2. 4. occurs when supply exceeds demand
  3. 6. global warming is caused by this
  4. 7. worth that consumers attach to a good
  5. 9. amount of a good produced
  6. 13. this effect states that consumers buy more when prices are low
  7. 14. states that money supply is the source of economic fluctuation
  8. 15. economist who says the government should spend more in a recession
  9. 19. promotion of one's own nation regardless of moral considerations
  10. 21. economic system based on collective ownership
  11. 22. father of communism
  12. 23. lowest point in the business cycle
Down
  1. 2. recurring changes in economic activity are called the business _____
  2. 3. period of economic decline
  3. 5. these people learned people work harder for their own self-interest
  4. 8. someone who owns a large-scale business
  5. 10. Adam Smith proposed the _____ Hand theory
  6. 11. marginal utility increases from this many units of a product
  7. 12. amount of satisfaction from any amount of a good
  8. 16. intangible good produced by labor
  9. 17. Carl Menger explained why this was cheaper than diamonds
  10. 18. a mercantilist believes a nation's goal it to maximize this
  11. 20. only one seller exists in this system