Economics
Across
- 3. The rate at which one currency can be exchanged for another or the number of units of foreign currency that correspond to the domestic currency
- 4. Teaching economics
- 6. Taxes on imported goods tax charged on imports and exports
- 7. The value of the next best alternative
- 11. Includes spending by frims or the government on capital goods
- 12. A good the demand for which varies negatively with income
- 16. Decreases in the average costs of production that occur as a firm increases it's output by varying all it's inputs
- 19. A similar thing to price elasticity of demand
- 20. The absence of government intervention of any kind in international trade, this trade does not have any restriction
Down
- 1. Other things being equal
- 2. Land, Labor, Capital, Entrepreneurship
- 5. A continuing increase in the general price level
- 8. Money charged by the government
- 9. One of the four market structures, a single or dominant firm in the industry
- 10. A factor of production which includes all natural resources
- 13. Product
- 14. Goods that are nessary or essential
- 15. A development assistance organisation made up of 185 members ( Joint Owners )
- 16. Shortage
- 17. Amount of something, especially money that is given to a particular person or used for a particular purpose
- 18. Surplus