ECONOMICS VOCABLARY I

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Across
  1. 4. ACTIONS THAT ONE PERSON PERFORMS FOR ANOTHER
  2. 6. TWO GOODS THAT ARE BOUGHT AND USED TOGETHER
  3. 9. A SITUATION IN WHICH A GOOD OR SERVICE IS UNAVAILABLE
  4. 10. QUANTITY SUPPLIED IS GREATER THAN QUANTITY DEMANDED
  5. 11. A FACTOR THAT CAN CHANGE
  6. 12. WHEN QUANTITY SUPPLIED IS NOT EQUAL TO QUANTITY DEMANDED
  7. 15. DESCRIBES DEMAND THAT IS NOT VERY SENSITIVE TO A CHANGE IN PRICE
  8. 16. QUANTITY DEMANDED IS GREATER THAN QUANTITY SUPPLIED
  9. 18. THE POINT AT WHICH QUANTITY DEMANDED AND QUANTITY SUPPLIED ARE EQUAL
  10. 19. A GOVERNMENT PAYMENT THAT SUPPORTS A BUSINESS OR MARKET
  11. 21. THE EFFORT THAT PEOPLE DEVOTE TO A TASK FOR WHICH THEY ARE PAID
  12. 22. USING RESOURCES TO MAXIMIZE THE PRODUCTION OF GOODS
  13. 25. A DESIRE
Down
  1. 1. NECESSARY FOR SURVIVAL
  2. 2. THE DESIRE TO OWN SOMETHING AND THE ABILITY TO PAY FOR IT
  3. 3. PHYSICAL OBJECTS SUCH AS CLOTHES
  4. 5. THE STRUGGLE AMONG PRODUCERS FOR THE DOLLARS OF CONSUMERS
  5. 7. AN EXPECTATION THAT ENCOURAGES PEOPLE TO BEHAVE IN A CERTAIN WAY
  6. 8. THE FINANCIAL GAIN MADE IN TRANSACTION
  7. 10. LIMITED QUANTITIES OF RESOURCES TO MEET UNLIMITED WANTS AND NEEDS
  8. 13. A LEADER WHO COMBINES LAND, LABOR, & CAPITAL
  9. 14. GOODS THAT ARE USED IN PLACE OF ONE ANOTHER
  10. 17. THE AMOUNT OF GOODS AVAILABLE
  11. 20. NATURAL RESOURCES USED TO MAKE GOODS AND SERVICES
  12. 23. ANY HUMAN MADE RESOURCE USED TO CREATE OTHER GOODS AND SERVICES
  13. 24. DESCRIBES DEMAND THAT IS VERY SENSITIVE TO A CHANGE IN PRICE