Unit 1 & 2 Test Review

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Across
  1. 4. a study of a subsection within economics
  2. 7. a study of the whole economy
  3. 10. focusing on a specific task or product to increase efficiency
  4. 11. a downward slope that shows consumer behavior
  5. 12. type of tax where the more you have to tax, the less you pay in taxes
  6. 16. type of financial aid that is based on merit or skill
  7. 17. actions or activities one person performs for another
  8. 19. an upward slope that shows producer behavior
  9. 20. type of car insurance that is required by law and only covers the other car in the event of an accident
Down
  1. 1. companies or organizations that provide goods or services
  2. 2. a visual that shows the flow of money, goods, and services
  3. 3. the amount you pay for insurance in yearly or monthly installments
  4. 5. the "god father" of modern economics and author of "The Wealth of Nations"
  5. 6. amount you are required to pay before the insurance company will pay their portion
  6. 8. the value of the next best option that you didn't choose
  7. 9. a physical object that can e purchased
  8. 13. products that producers are willing to provide and sell
  9. 14. type of financial aid that is based on financial need
  10. 15. type of tax where the more you make, the more you pay
  11. 16. limited resources
  12. 18. products that consumers want are willing to buy