Economics-CE 12&13

12345678910111213141516171819202122232425262728293031323334353637
Across
  1. 1. One reason we trade with other states and nations is to buy goods/services at a lower _____ or a lower opportunity cost.
  2. 3. A person who takes a risk to produce and sell goods and services in search of a profit.
  3. 5. One way our government pays for public goods and services is through ___________ funds.
  4. 6. Property ownership is protected by negotiated _______ that are enforceable by law.
  5. 9. In circular flow, ______ own the resources used in production, sell the resources, and use the income to purchase products.
  6. 10. The point where supply and demand meet is called the______________
  7. 12. A form of business organization with only one owner that takes all the risks and all the profits.
  8. 17. The ______ tax is the main source of revenue for the federal government.
  9. 19. A ______ exists whenever buyers and sellers exchange goods and services.
  10. 20. Supply and demand determine the ______ of a good or service.
  11. 21. A form of business organization with two or more owners who share the risks and the profits.
  12. 23. One way the government pays for public goods and services is through _____ revenue.
  13. 24. One reason we trade with other states and nations is to create______.
  14. 27. Governments use _____ revenue from households and businesses to provide public goods and services.
  15. 28. FDA -Food and _______ Administration
  16. 30. Businesses that own all means of production-led to Anti-Trust Legislation
  17. 32. FCC - Federal ___________ Commission (appropriate material on radio, t.v., etc.)
  18. 33. Private financial institutions include ______ and credit unions.
  19. 34. Deposits, Currency, Coins and "store of value" all describe this
  20. 35. In circular flow, ______ buy resources; make products that are sold to individuals, other businesses, & the government
  21. 37. worldwide markets where buying & selling of goods/services by all individuals/nations/businesses takes place.
Down
  1. 1. consumers determine through purchases what goods and services will be produced.
  2. 2. The fee/price of borrowing money
  3. 4. accounts that can be accessed by checks and debit cards.
  4. 7. A form of business organization that is authorized by law to act as a legal entity regardless of the number of owners.
  5. 8. The type of economy does the United States have
  6. 11. consists of earnings after all expenses have been paid. (profit)
  7. 13. One way our government promotes _________ is by supporting business start-ups.
  8. 14. the rivalry between producers &/or sellers of a good/service that usually results in better quality & lower prices.
  9. 15. Income tax and _____ tax are key sources of revenue for state government.
  10. 16. The Fed will raise interest rates and slow the money supply if inflation is this ___
  11. 18. EEOC - Equal ___________ Opportunity Commission
  12. 22. Innovations in _____ contribute to the global flow of information, capital, goods and services.
  13. 25. a tax levied on land and buildings. It may also be levied on personal property.
  14. 26. The central bank of the United States
  15. 28. is the amount of a good/service that consumers are willing & able to buy at different prices during a given time period
  16. 29. One way our government promotes competition is by enacting policies that encourage global ______.
  17. 31. Rise of prices over time- The Fed influences money supply and interest rates keep ______ low and stable.
  18. 36. the amount of a good/service that producers are willing &able to offer for sale at each possible price.