Economics Review
Across
- 3. insures deposits up to $250,000
- 11. hurts people on fixed incomes
- 15. how to measure standard of living
- 17. accumulation of all deficits from previous years
- 18. interest the Federal Reserve charges banks for loans
- 19. market structure with a few large sellers who act interdependently
- 20. the main reason people assume the risks of entrepreneurship
- 22. when individuals do specific tasks in the production of goods and services
- 23. condition that exists because human wants and needs are greater than available resources
Down
- 1. positive and negative rewards that encourage economic behavior such as making purchases or working to increase productivity
- 2. additional good or profit from one additional unit is called the __ benefit
- 4. type of business organization with limited liability and double taxation
- 5. type of business where you pay a corporation to use its name, logo, recipes, merchandise, etc
- 6. economic system where a central authority allocates resources
- 7. something of value to secure or back up a loan
- 8. if you are a life guard unemployed because it is summer, you are experiencing __ unemployment
- 9. measure of how efficiently resources are used, relationship of inputs to outputs
- 10. the item or value that is lost when someone makes an economic decision
- 12. the fundamental economic questions are: __ to produce? How to produce? For whom to produce?
- 13. goods in which the use of one increase the use of the other
- 14. good and services that a country sends to other nations
- 16. a profit from an investment
- 21. primary monetary policy making body of the Federal Reserve
- 23. situation where quantity supplied is greater than quantity demanded