Across
- 3. are negative reasons that cause people to leave their homes.
- 4. System that dictates how resources are allocated to different sectors of society.
- 5. Tangible targets that almost all economies strive towards.
- 7. is the point where quantity supplied is equal to quantity demanded.
- 9. people who leave one country or region to settle in another.
- 12. is when labor supply is greater than labor demand.
- 13. Occurs when people are in between jobs or, if they do not have work, are actively seeking it
- 16. happens when labor demand is greater than labor supply
- 18. It is the set of all quantities supplied at different price levels.
- 20. The amount of labor that is being hired at the equilibriumwage is called
- 23. enter and settle in a foreign country
- 25. The intellectual capacity to organize and put together other factors of production to produce goods and services the society needs.
- 28. Seeks to understand how choices are made
- 31. giving everyone the same resources.
- 33. Investments made toward improving the human element of production
- 35. are workers who engage in hard manual labor.
- 40. One of the key goals of AmBisyon 2040
- 43. are compulsory contributions to the government
- 48. Economic development that meets meets the needs of the present without compromising the needs of future generations
- 50. Subset of economics that focuses on aggregatesand groups of agents
- 53. As the price of goods and services increases, the quantity demanded decreases.
- 54. is the amount of labor employers seek to hire over a period of time
- 55. is the price of every unit of a foreign currency valued in the domestic currency.
- 56. Goods that are demanded or consumed in place of another good
- 57. are peoplewho, because of aproblem in their formerhome, have immigratedto a new country orregion.
- 58. Refers to the tangible human element in the production process
- 59. A person is unemployed if they are actively seeking work but are unable to find any.
Down
- 1. Includes the monetary costs, time, and effort
- 2. Because there is scarcity, people have to choosewhich wants to satisfy first.
- 4. An arrangement where the employee will provide services for the employer.
- 6. Refers to resources that can be attributed to the land or the sea.
- 8. Measure of the welfare of an economy’s members
- 10. The government may support, or even require, rules that set high qualifications for certain jobs.
- 11. are special grants by the government in financial aid, tax exemptions, or privileges.
- 14. excess demand in the market
- 15. Also known as socialism or communism
- 17. When people are required to have more education, training, and skills, it can cause a decrease in labor supply.
- 19. Physical tools and equipment that make production more efficient
- 21. is the price where both the price for the quantity demanded is equal to the price for the quantity supplied.
- 22. are known as suit-and-tie workers who do professional, desk, managerial, and administrative work.
- 24. When either demand or supply shifts, quantity demanded or supplied changes for every price.
- 26. The condition where people lack the resources to meet their basic needs.
- 27. The quantity demanded and quantity supplied at equilibrium is also called
- 29. It is the number of units that a seller is willing to produce at any given price.
- 30. are positive aspects that attract people to moveto another region or location.
- 32. are goods and services that vary inversely with income.
- 34. consists of labor demand or the number of labor employers seek to hire and labor supply or the amount of labor offered for hire.
- 36. The limited availability of a resource, good, or service
- 37. fairness, giving more to those who need more.
- 38. is the order of an individual’s choices and alternatives based on their relative utilit
- 39. Goods that are demanded or consumed along with other goods.
- 41. The satisfaction or usefulness the consumption of a good can bring
- 42. Refers to investments made to improve production.
- 44. are price floors for labor.
- 45. The overall expansion of an economy
- 46. the price of goods and services increases, the quantity supplied also increases.
- 47. is the amount of labor offered for hire over a particular period.
- 49. Any improvement in production enable firms to produce more.
- 51. Subset of economics that focuses on the decisions of smaller agents.
- 52. The misuse of public power in the pursuit of private gain.