Johnson Economics Review

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Across
  1. 2. having little supply of a product
  2. 5. the study of choices and how wealth is managed
  3. 6. The cost of the next best choice
  4. 9. A type of economy with no private ownership. The government distributes things equally.
  5. 10. An economic system with total government control over what is produced and who gets it
  6. 11. an type of economy where a country gains wealth by exporting a lot
  7. 12. A type of economy with government involvement and some private ownership. The goal is to distribute things more equally.
  8. 16. An economic system based on traditions like hunting and gathering
  9. 17. the amount of goods available
Down
  1. 1. Decisions about resources made at the personal/business level
  2. 3. economic system with no government involvement that believes in competition, supply, and demand.
  3. 4. Decisions about resources made at the government/global level.
  4. 7. in the form of money or resources
  5. 8. products bought from a foreign country
  6. 11. An economic system where some resources are owned by the government and some are private. There are varying levels of government involvement.
  7. 13. A type of economy where businesses own production and make decisions and what and how to produce resources.
  8. 14. products sold to a foreign country
  9. 15. how much of a good people want