Across
- 5. suppliers offer more of a good at a higher price
- 6. A business started by two people
- 10. unemployment because the labor market is unable to provide enough jobs
- 11. quantity limit on imports
- 12. limited quantity of resources
- 15. cost of producing one more unit of a good
- 18. sheilding an economy from imports
- 19. someone who takes a risk to start a business
- 20. sacrifice made when we make a decision
- 21. free of gov. interference (international trade)
- 24. unemployment occurs when people take time to find a job
Down
- 1. business owned by stockholders
- 2. land, labor, capital
- 3. most desirable alternative given up for a decision
- 4. unemployment because of season/schedules
- 7. quantity demanded is greater than the quantity supplied
- 8. benefit of consumer from consuming one more unit of a good/service
- 9. graph showing an economy's use of resources
- 13. A business started by a single person
- 14. comparing what you will sacrifice and gain by a specific action
- 16. tax on imports
- 17. quantity supplied and demanded are equal
- 22. quantity supplied is greater than quantity demanded
- 23. consumers buy more of a good at a lower price
- 25. assets or tools used in production