Economics - Unit 1

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Across
  1. 5. the money which a government collects in taxes and other payments is known as...
  2. 6. name for the tax paid on a residential home or commercial business
  3. 7. an economic decline for more than 2 quarters in which production and demand decreases
  4. 10. Adam Smith's most famous book
  5. 12. ....and demand are two basic principles in economics
  6. 14. French term coined by David Ricardo which argued for less government intervention in the market
  7. 18. a list showing share, commodity, or currency prices
  8. 19. last name of economist who was concerned with the morality of the slave trade
  9. 20. the desire to own something
  10. 21. when banking and finance are supervised less by the government or authorities
  11. 23. the name given to metals, oils, or agricultural products which are traded
  12. 25. to be productive without waste
  13. 26. a special form of loan or credit to buy a house or other property
Down
  1. 1. taxes paid to the government for certain goods such as alcohol, petrol, etc
  2. 2. the collective group of those involved with managing a business
  3. 3. term used to describe the point at which a stock reaches its highest possible level
  4. 4. a package of financial products or items which are traded together
  5. 6. Karl Marx's term for the lower-class working poor
  6. 8. concept in economics where a consumer makes choices to gain the most economic satisfaction
  7. 9. a person who buys goods and services
  8. 11. theory argued for by Adam Smith which argued that the market would correct itself
  9. 13. a company may issue these to raise capital
  10. 15. long term bonds which are traded and have a low level of risk
  11. 16. money paid on savings and investment
  12. 17. term used to describe assets that can quickly be converted into cash
  13. 20. a very severe recession
  14. 22. not a good value in terms of money spent
  15. 24. "the bible of the working class"