Economics Review Crossword

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Across
  1. 1. ___________ is what motivates development of new products.
  2. 5. One of the four factors of production
  3. 6. People who ultimately determines the success of a product.
  4. 8. The relationship between markets can best be described as?
  5. 10. The amount of output in a specific amount of time with a given amount of resources is referred to as ____________.
  6. 11. A __________ Economy has elements of socialism and capitalism.
  7. 13. ________ is when prices rise.
  8. 14. __________ freedom supports personal liberty.
  9. 16. The government provides National ____________.
Down
  1. 1. The choices made by consumers and ___________ drive the economy.
  2. 2. _______ money is NOT backed by a physical good.
  3. 3. _______ goods are expected to be used for more than 3 years.
  4. 4. Gross _______ Product is how we measure an economy's size.
  5. 7. ___________ and utility determine something's value.
  6. 9. This is the term for negative economic growth.
  7. 12. In traditional economies, economic decisions are primarily determined by
  8. 15. _______ cost describes the difference in value between the best option and the next best alternative?