Economics Final Crossword

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Across
  1. 4. acronym for how we make decisions
  2. 7. factor of production defined by all natural resources
  3. 8. portion of a business's profits paid out to shareholders
  4. 11. one of the 4 P's that deals with the utility of a good/service
  5. 14. law that deals with consumer's willingness and ability to purchase a good/service
  6. 15. how the Federal Reserve acts to influence the economy
  7. 16. part of GDP that calculates the difference between a country's goods being sold to other countries and goods being bought by the country
  8. 20. point where supply and demand meet
  9. 22. largest component of GDP, dealing with the purchasing of household goods (both durable and non-durable)
  10. 24. acronym for gross domestic product
  11. 25. the next best choice we don't make when deciding how to use a resource (i.e. missing out on sleeping in becasue you came to school)
  12. 27. process that unions and management negotiate a contract
  13. 29. business that is a legal entity owned by stockholders
  14. 30. principle that says we will never be able to satisfy all of our wants and needs
  15. 31. one of the 4 P's that advertising is a part of
  16. 32. part of GDP that counts spending by businesses on capital goods
  17. 33. factor of production that refers to those willing to take a risk to start a business
  18. 35. what is physically lost in a transaction (time, money, etc.)
  19. 36. study of decision-making in small units, such as households and businesses
  20. 37. things that are often bought and used together (i.e. hot dogs and hot dog buns)
  21. 38. purchases that last for a relatively long time
  22. 40. a business might offer a product into the market at a lower price than similar products
Down
  1. 1. portion of GDP that would include spending on infrastructure and education
  2. 2. study of economic behavior and decision-making in a nation's whole economy
  3. 3. unit of ownership of a business
  4. 5. price paid for the use of borrowed money
  5. 6. abbreviation for a company traded on a stock market
  6. 9. percent that the Federal Reserve charges commercial banks for loans
  7. 10. a temporary partnership that ends when a specific purpose is met
  8. 12. where buyers and sellers exchange things
  9. 13. importance to individual/society (How bad do you want it?)
  10. 17. unit of transaction (i.e. $)
  11. 18. market structure that has competitors due to high cost of entry into the market
  12. 19. purchases that last for a short period of time, such as food and light bulbs
  13. 21. study of decision-making (usually associated with how money is handled)
  14. 23. single owner business
  15. 26. factor of production dealing with human effort
  16. 28. type of market structure that a gas station in Bena would be considered
  17. 34. how the government spends and gathers revenue to influence the economy
  18. 37. factor of production related to human-made resource used to produce other goods and services
  19. 39. law that deals with producer's willingness and ability to sell a product