Unit 1: The Economy & You

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Across
  1. 1. the amount of money given or asked for goods and services.
  2. 4. The motive of business.
  3. 6. With inflation, one's buying power_____.
  4. 8. Who undertakes the creation, organization, and ownership of a business.
  5. 10. The lack of resources.
  6. 12. Downtruns in major industries can bring on one.
  7. 14. Type of research about wants and needs.
  8. 15. We determined that the U.S. has this type of economy.
  9. 16. Something I need.
  10. 18. Pairs of ice skates are an example of this.
  11. 22. Few people have enough to satisfy all of their wants.
Down
  1. 2. GDP, standard of living, rate of inflation are all examples of economic _________.
  2. 3. The number of factors of production.
  3. 5. The number of steps in the decision making process.
  4. 7. Any commercial activity that seeks profit.
  5. 9. Scarcity of resources force countries to develop this type of system.
  6. 11. the contest between businesses to win customers.
  7. 13. The type of economic system that involves a central authority.
  8. 17. There are four stages of the _______ cycle.
  9. 19. Amazon is an example of this type of industry.
  10. 20. Grains are an example of what resource.
  11. 21. China owns the majority of our nations ______.