Unit 2 Intro to Economics

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Across
  1. 3. A working-age person who is looking for a job but cannot find one.
  2. 6. The economic goal that aims to prevent the cost of goods and services from rising too quickly.
  3. 9. The subject that examines how people deal with scarcity and unlimited wants.
  4. 11. The factor of production that involves human workers.
  5. 12. The goal that aims to ensure people who are willing and able to work can earn an income.
  6. 13. The model showing how money, goods and services move between households and firms.
  7. 14. Law of ___ : The economic principle that explains the positive relationship between price and quantity supplied.
Down
  1. 1. _____ Economic Growth: The economic goal that aims to increase a country's output and improve living standards over time.
  2. 2. The approximate natural rate of unemployment targeted by governments.
  3. 4. The factor of production that brings together land, labour and capital.
  4. 5. The branch of economics that examines things like inflation, unemployment and national economic growth.
  5. 7. ___ Cost: What you sacrifice when you choose one option over another.
  6. 8. The approximate % of annual economic growth rate governments may target.
  7. 10. Law of ___ : The economic principle that explains the inverse relationship between price and quantity demanded.
  8. 11. The factor of production that includes forests, water and minerals.
  9. 13. Factories, computers and machinery are examples of this factor of production.
  10. 15. Standard of ___: An indication of how well people can meet their material needs and wants.