Chapters 1-7 Review

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Across
  1. 2. Type of market with few producers, with similar products
  2. 4. Putting money into something with the hope of getting more out
  3. 6. Ban on the trade of a particular good or with a specific country
  4. 7. Government providing money for a failing company
  5. 9. Producing large quantities of goods
  6. 12. Total dollar value of all goods/services produced in a country per year
  7. 14. _______ resources- things that come from nature
  8. 15. How much of a good/service is available to buy
  9. 17. Repeatedly performing a specific task
  10. 19. Another word for trade
  11. 20. How much the supply/demand changes due to other factors
  12. 24. Out of pocket amount due at the doctor or pharmacy
  13. 25. More available than demanded
  14. 27. Payment made for the use of borrowed money
  15. 28. Item that is accepted as payment for goods/services
  16. 29. Costs that DON'T change
  17. 30. Father of capitalism
  18. 33. Group working for better pay and benefits
  19. 34. Risk of starting a business
  20. 37. Buy now pay later
  21. 39. The percentage of every deposit banks MUST keep in the vault
  22. 41. When companies come together
  23. 42. Price _______- the lowest price people can be paid for something
  24. 43. Top of the business cycle
  25. 44. A rise in the price of goods/services
  26. 46. Income earned BEFORE taxes and other deductions
  27. 47. Price at which consumers/producers agree to buy/sell a product
  28. 48. Type of credit where the borrower can draw money repeatedly up to a certain limit
  29. 49. ______ goods are goods that can replace one another
Down
  1. 1. Government designating specific areas for specific uses
  2. 3. A longer more severe recession
  3. 5. Type of stock market where people are buying less
  4. 8. Fee required when you don't have enough money to cover your transactions
  5. 10. Number that represents your creditworthiness
  6. 11. A decrease in the price of goods/services
  7. 13. Costs that DO change
  8. 16. Type of mortgage that has a larger than usual one-time payment at the end of the loan
  9. 18. Bottom of the business cycle
  10. 21. A lack of goods and services
  11. 22. The buyer
  12. 23. Another name for the Federal Reserve System
  13. 26. Income earned with little to no effort
  14. 27. Goods being brought into a country
  15. 31. Fund that pools money from shareholders and invests it
  16. 32. Using foreign labor to do jobs previously done by domestic workers
  17. 35. When a person/business is unable to repay debts
  18. 36. Contract which allows someone to use a property for a specific amount of time
  19. 38. Workers who receive a fixed amount of pay regardless of how many hours they work
  20. 40. A legal document that expresses a person's wishes as to how their assets are distributed
  21. 45. Government spending and taxes