Econ 2 crossword

5. The quanting of a good or service that producers are willing and able to produce at specific prices
6. the act of buying and selling freely and willingly engaging in market transactions
9. Simply something we would like to have but is not necessary for survival
10. prices and rising too rapidly
11. as income goes down tax rates go down
13. an increase in prices in general
14. everyone pays the same rate
18. the struggle among sellers to attract consumers
20. a shrinking economy producing fewer goods and services then before
21. Basic requirement for survival, such as food, clothing, and shelter
22. The amount of a good or service that consumers are willing and able to consume at different prices

1. The government also buys US-made good and services
2. Something tangible that satisfies our wants or needs
3. a economic system in which private citizens own and use the factors of production to generate profits
4. Businesses buy goods called capital
7. most people who want a job have a job
8. A worth that can be expressed in dollars and cents
12. The study of how human beings choose to use their scarce resources to satisfy their unlimited wants
14. The difference between the amount earned and the amount spending
15. as income goes up tax rates go up
16. people in other countries also buy US goods and services
17. The cost of the next-best alternative
19. Something intangible that satisfies our wants and needs