Basic Principles of Economics

Edit Answers
1234567891011121314151617181920
Across
  1. 2. The number of people unemployed but actively seeking employment.
  2. 4. different quantities of a resource, good, or service to buy at various prices during a time period.
  3. 8. (GDP) The total value of goods and services in a country during one year.
  4. 9. the lower the price, the more will be bought, the higher the price, less will be bought.
  5. 14. A resource that does not naturally replace itself, such as oil or coal.
  6. 17. An increase in prices and fall in the value of money.
  7. 18. refers to the condition where people cannot have all the goods and services that they want.
  8. 19. The money a person earns.
  9. 20. different quantities of a resource, good, or service for sale at various prices during a time period.
Down
  1. 1. When different countries depend upon each other to succeed economically.
  2. 3. A resource that naturally replaces itself, such as trees or sunlight.
  3. 5. used to produce other goods such as buildings and machinery
  4. 6. When someone is willing to take a risk to make a profit by starting a new business.
  5. 7. a system of money
  6. 10. Money paid for labor.
  7. 11. Focus on production of a specific good or service.
  8. 12. especially work done to produce goods or services.
  9. 13. Buying and selling of goods and services.
  10. 15. the value of the second-best choice given up when a decision is made.
  11. 16. the higher the price of an item, the more of it that is likely to be offered for sale.