Economics Wrap-Up Crossword

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Across
  1. 4. One big firm controls the market
  2. 6. ___ tax, percentage of income paid increases as income increases
  3. 10. Tax on imports
  4. 11. ___ unemployment, occurs when people are looking for a new job
  5. 14. ___ cost that is the extra cost of adding one unit
  6. 15. How sensitive a good is to change in price
  7. 17. Supply outweighs demand
  8. 19. ___ goods which consumers demand more of when they have higher income
  9. 20. Supply and Demand are equal at this point
  10. 24. ___ GDP,measured in current prices
  11. 27. Required payment to the government
  12. 28. Maximizing the output of goods and services
  13. 30. Demand outweighs supply
  14. 31. Price ___ which is the max price that can be charged for something
Down
  1. 1. ___ Cycle, economic expansion followed by contraction
  2. 2. ___ tax, percentage of income paid remains the same for all income levels
  3. 3. Dollar value of goods and services produced in one country in a year
  4. 5. Price ___ which is the minimum price for a good or service
  5. 7. A few large firms control the market
  6. 8. ___ unemployment, when workers' skills do not match available jobs
  7. 9. Using fewer resources than a country is capable of
  8. 12. ___ cost which rises or falls depending on production
  9. 13. ___ cost which does not change no matter how much of a good is produced
  10. 16. ___ employment,worker is overqualified for their job
  11. 18. Satisfaction from a good
  12. 21. Marginal ___ that is the extra satisfaction from more of a good
  13. 22. ___ goods which consumers demand less when they have higher income
  14. 23. Increase in prices
  15. 25. Marginal ____ that is the extra benefit of adding one unit
  16. 26. ___ GDP, measured in constant unchanging prices
  17. 29. ___ unemployment, which rises and falls with the economy