Economics

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Across
  1. 3. a market form in which a market or industry is dominated by a small number of sellers
  2. 4. a gov. program guaranteeing access to some benefit by members of a specific group & based on established right
  3. 8. philosopher best known for his defense of classical liberalism
  4. 10. a government-imposed price control or limit on how high a price is charged for a product
  5. 11. being useful, profitable, or beneficial
  6. 13. the least you can get paid
  7. 14. a political theory derived from Karl Marx
  8. 16. an intergovernmental organization which regulates international trade
  9. 18. measures changes in the price level of a market basket of consumer goods and services purchased by households
  10. 20. Series of statistical figures, such as the consumer price index or the gross domestic product
  11. 24. the broadest quantitative measure of a nation's total economic activity
  12. 26. A measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in the country.
  13. 28. the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports
  14. 30. the system by which the value of a currency was defined in terms of gold, for which the currency could be exchanged
  15. 32. English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
  16. 33. usually given to remove some type of burden
  17. 34. a range of economic and social systems characterised by social ownership and democratic control
  18. 36. an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade
  19. 38. having too much supply
  20. 39. a period of temporary economic decline during which trade and industrial activity are reduced
  21. 40. a policy or attitude of letting things take their own course
  22. 42. a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries
  23. 43. a government- or group-imposed price control or limit on how low a price can be charged for a product
Down
  1. 1. the state or quality of producing something
  2. 2. a formal authorization or proposition
  3. 5. an economic measure of a negative balance of trade in which a country's imports exceeds its exports
  4. 6. the process by which the monetary authority of a country controls the supply of money
  5. 7. an economic and political system in which a country's trade and industry are controlled by private owners for profit
  6. 9. the level of employment rates where there is no cyclical or deficient-demand unemployment
  7. 12. The depreciation of a country's currency refers to a decrease in the value of that country's currency
  8. 15. to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources
  9. 17. American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis
  10. 19. being scarce or in short supply
  11. 21. big businesses that override the government
  12. 22. Fed‍, or the central banking system of the United States.
  13. 23. allows business owners to measure the additional benefits
  14. 25. the ability of a firm or individual to produce goods and/or services at a lower opportunity cost than other firms
  15. 27. a situation in which income exceeds expenditures
  16. 29. an economic system where few restrictions are placed on business activities and ownership
  17. 31. A Scottish moral philosopher, pioneer of political economy
  18. 34. running out of supply
  19. 35. a sustained increase in the general level of prices for goods and services
  20. 37. the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy
  21. 41. something that incites to action or exertion or quickens action, feeling, thought