Unit 2: Economics Review

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Across
  1. 3. If supply is low, but demand is high, the
  2. 4. A number which describes how risky it is to lend money to someone
  3. 8. Someone who makes or offers a good or service.
  4. 9. If supply is high, but demand is low, the price will __________.
  5. 11. A way of getting customers excited about a product to increase sales.
  6. 17. A type of economy based on taking care of yourself and your community by farming, fishing, huting, and building.
  7. 18. The factor of production that refers to the needed supplies and technology for running a business.
  8. 22. When there is more supply available than demand for it.
  9. 24. The marketing technique which refers to the design choices around text.
  10. 25. The factor of production which refers to the ideas behind a business.
  11. 28. A Bible word used to describe the first crop of the season--a perfect gift to God.
  12. 29. When there is less supply available than demand for it.
  13. 31. The cost of making a product.
  14. 33. The Bible warns against making your money one of these.
  15. 35. The thing you lose out on when you make a choice.
  16. 37. A "win-win" situation where the buyer and seller both feel like they are getting a fair deal.
Down
  1. 1. This country has the closest thing to a pure command economy that we have seen in our world so far.
  2. 2. A type of economy where individuals and businesses have total control with no government involvement.
  3. 5. The price charged by a producer where supply is equal to demand.
  4. 6. People who make less that $15,500 are in __________.
  5. 7. A marketing technique that prey's on a consumers insecurities.
  6. 10. The amount of product available.
  7. 12. A product someone sells to someone else in order to earn a profit.
  8. 13. A type of bank account that offers a very small cash reward for keeping your money with them
  9. 14. 10% of a Christian's income that is donated to church
  10. 15. The factor of production that refers to the work people do
  11. 16. A fact that is used to persuade your intellectual brain to buy a product.
  12. 19. A plan for your money to ensure you don't over spend.
  13. 20. A job someone offers to do for someone else in order to make money.
  14. 21. The factor of production that refers to any natural resource used in a business.
  15. 23. How much money someone earns after subtracting marginal cost.
  16. 24. Governments collect these so that they can provide services to the citizens of their country.
  17. 26. How much a product is wanted.
  18. 27. A benefit of a market economy is that you may earn one of these.
  19. 29. You can invest in this, but it's risky. Your money may grow or you may lose it all.
  20. 30. When there isn't enough of something.
  21. 32. ___________ are associated with certain feelings, such as happiness, excitement, or purity.
  22. 34. Someone who buys a good or service
  23. 36. A type of economy where the government has total control.