Across
- 1. Public transfer payments transfers tax payer income to people ____ return
- 4. No security for disabled, the sick, and the elderly in a pure market economy is a ______
- 6. Advised 2 US Presidents and 1 British Prime Minister (2)
- 8. Businesses want to _____ positive externalities
- 10. Land, ____, capital, and entrepreneurship
- 12. A financial gain that a seller makes in a business transaction
- 13. A free enterprise economic system with some government involvement is a _____ free enterprise economy
- 18. Means "Let it be" or "Leave things alone" in French (2)
- 20. The saying, "No Free ___"
- 21. Public transportation (bus) is a _____ for personal transportation (own car)
- 22. Government programs designed to protect people from economic hardship (2)
- 23. Wedding dress designer who filled a demand (2)
- 25. Involves judgements of what economic behavior should be (2)
- 27. As price goes up, quantity demand decreases and vice versa (3)
- 28. To make decisions applying the best combination of costs and benefits... "to cut costs"
- 29. Table salt, insulin, and gasoline are...
- 30. The government is a ____ in the product and factor markets
Down
- 2. Examples include Kavango people and some Amish communities (2)
- 3. Number 1 issue facing economists
- 5. The Father of Economics (2)
- 7. People who watch fireworks and don't pay for them are an example of a...
- 9. A system that requires an absolute obedience to those in power
- 11. Change in ownership from private to public or government
- 14. Involves a vision and risk-taking to create and run a business
- 15. Change in ownership from public or government to private
- 16. Goods that are used together... rise in demand for one will rise in the other
- 17. Producing fewer goods or services than possible
- 19. The best economics teacher ever
- 24. Where people can decide which legal agreements to enter into (2)
- 26. Marginal cost is the cost of using ____ more unit of a good or service