Economics
Across
- 2. what is the term that refers to the people and firms that use resources to make goods and services?
- 5. what is the term that is used when money is transferred into a financial account?
- 7. of someone elses funds in exchange for a promise to pay back with interest
- 8. price/ What is the term used when both producers and consumers are satisfied with the market price?
- 10. that is generally accepted as a medium of exchange in which to buy goods and services.
- 11. goods/What is the term that refers to the replacement of a good?
- 13. what is the situation where people are willing to work but do not have jobs?
- 15. who is the person who organizes, manages a business?
- 16. possibility curve/ what does PPC stand for?
- 17. what is the condition that refers to unlimited wants and limited resources?
- 20. cost/ What is the term that refers to the next best alternative that must be given up when a choice is made?
- 21. is the term that involves very small numbers of sellers and high market power?
- 23. purchase of security, such as a stock or bond for profit
- 27. is the term that involves large number of buyers and small number of sellers?
- 29. cost/ total cost divided by output
- 30. what is the term that refers to the quantity and quality of human effort available to produce goods and services?
- 31. that relies essentially on the growth and nurturing of plants
- 35. or services produced in one nation but sold to other nations
- 36. what is the term that refers to the goods that are required to assist the production of other goods and services/Capital
- 37. of living/Degree of wealth and material comfort available to a person or community
- 38. state of having paid work
- 42. what is the term used when a country buys production of goods or services from another country?
- 43. what is the term that refers to the type of loan that is used to purchase a house?
- 45. rate/ What is the term used when the rate of one country's currency is exchanged for the currency of another country?
- 47. income/ What is the term that refers to the total income received from all sources?
- 48. is the total number of groups the Consumer Price index regime consist of?
- 49. type of elasticity is cigarettes?
- 51. what is the term that refers to the decrease in prices of goods and services over a period of time?
- 54. what is the term that refers to the activities that satisfy people's wants?
- 55. tax on an imported good
- 58. what is the term that refers to the objects that satisfy people's wants?
- 59. inflation/ What is the situation when there is excess demand and widespread shortages?
- 60. rates/ Australia's ____ is currently sitting at 2.25%
Down
- 1. what is the term that refers to the value of all finally goods and services produced in a year?
- 3. is the term that is used when the government assists companies by giving them money?
- 4. when a country has a negative GDP the country is likely to be experiencing a_____.
- 6. quantity supplied exceeds the quantity demanded
- 9. is the term that refers to the rapid increase in prices of goods and services over a period of time. 43 words/
- 10. Competition/What is the term that involves a a lot of competition between firms, each producing a similar product?
- 12. profit-seeking organizations that use resources to produce goods and services
- 14. income/What is the term that refers to the amount of money available after income taxes?
- 18. what is the term that refers to the value of a good or service?
- 19. spending/Purchase of consumer goods and services
- 22. who use resources to make goods and services
- 24. Growth/What is the term that refers to the increase in the total output of a nation?
- 25. policy/ What is the policy that controls interest rates?
- 26. curve/ What is the graphical representation used to measure the distribution of income?
- 28. what is the term that refers to the increase in prices of goods and services over a period of time?
- 32. GDP/ What type of GDP measures the actual change in volume of goods and services produce?
- 33. or services brought from sellers in another nation
- 34. goods/ What is the term that is used when goods can be used together?
- 39. event/Drought, flood and fires all fall under the category of a
- 40. what is the term that is used to describe the price in which determines how much producers are willing to provide?
- 41. Tax/Taxes paid by households and businesses on lands and buildings
- 44. coefficient/ What is the term that refers to the measure of degree of equality in the distribution of income?
- 46. what is the term that is used to describe the price in which determines how much consumers are willing to buy?
- 50. what is the main source of government revenue?
- 52. policy/What is he term used when the government decides to change the tax rates?
- 53. Demand/Total demand for a country’s output
- 56. financial gain
- 57. Resources/Oceans, air and minerals are all types of______.