Economics Full
Across
- 1. work done for a company by people living in another country
- 3. government money that tend to shift supply curves to the right
- 5. a straight line that slopes upward from left to right
- 6. To economists, this means satisfaction
- 7. the choice given up to do something else
- 9. means there is less of a good than people would like to have
- 10. the amount of money needed to produce one additional unit is called this
- 11. households, businesses and governments make up this “movement” of money and resources
- 14. the only factor that can change quantity demanded or quantity supplied
- 19. in this type of economic system the government owns and controls the resources
- 20. price is increased to help suppliers eliminate this
- 22. the total amount of money that a business receives from sale of its product
- 28. a straight line that slopes downward from left to right
- 29. customs, skills and cultural beliefs are passed on from one generation to the next in this economy
- 30. goods that people cannot be prevented from using
- 31. how a country answers the three economic questions determines this…their ______?
- 32. this motivates entrepreneurs
Down
- 2. means the world is moving toward one global economy
- 4. this type of demand is usually associated with necessities
- 8. this is an example of a nonexcluable public good (in your notes)
- 12. some supply curves go in this direction
- 13. “short” name for a graph that shows all of the production possibilities for two products
- 15. amount of money that a business pays to produce a product
- 16. households sell this to businesses
- 17. type of good that people can be prevented from using
- 18. the physical and mental talents of people
- 21. the type of economic system where resources are owned and controlled by private individuals
- 23. when one person’s or company’s actions affect another person or company
- 24. this is really measuring the consumer response to price changes
- 25. goods that can be felt or touched
- 26. person who receives the benefits of a good without paying for it
- 27. economists believe that people respond to these, which encourage them to do something