3-2: How Does Free Enterprise Allocate Resources?

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Across
  1. 4. According to researchers, consumer confidence in the economy tumbled after _____ hit the Gulf Coast in September 2005.
  2. 6. This flows from the government to both the factor markets and product markets
  3. 12. These flow from the factor market to the government
  4. 13. Unit sales of this product rose by 4% in 2003 when low-carb, high-protein diets became popular
  5. 14. Profit is the money left over after the _____ a product are subtracted from the revenue gained by selling that product
  6. 15. According to figure 3.6 you’ll see that government consumption—what all levels of government spend on goods and services—is about _____ dollars.
  7. 16. competing products.
Down
  1. 1. Economists frequently use information obtained from these to measure public response to economic conditions
  2. 2. Both businesses and households pay these to the government
  3. 3. Using the graph on page 124, during which month in 2005 was consumer confidence the lowest?
  4. 5. Unit sales of this product dropped by 5.5% in 2003 when low-carb, high-protein diets became popular
  5. 7. Using the graph on page 124, during which month in 2005 was consumer confidence the highest?
  6. 8. According to figure 3.5, all levels of government, local, state, and federal, employ almost _____ million workers
  7. 9. An important element in the American economic system, but its role is relatively limited
  8. 10. The government provides these to both businesses and households
  9. 11. When consumers choose to buy a product, they are “_____” for their choice