Economics Full

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