Econ Vocab - Unit 2

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Across
  1. 2. the exchange of goods and services between two parties
  2. 4. an official ban on trade with another country
  3. 6. the money received on a regular basis from working or through investments
  4. 8. the method used by the government to manage its spending and taxes to influence the growth of the economy
  5. 10. the actions taken by the nation's central bank to manage the money supply and maintain stability in the economy
  6. 11. a sum of money used to assist individuals and companies that is from the government
  7. 12. The branch of economics that focuses on the actions of agents in an economy, such as households, workers, and businesses
  8. 15. all assets owned by a person at death
  9. 16. the amount of money paid to an employee
  10. 17. the increasing interdependence of the world's economies, allowing the flow of goods and services to flow across nations
  11. 19. a financial short where expenses exceed revenues over a period of time
  12. 20. consists of businesses that want to make a profit by selling goods and services
  13. 21. When one company or producer controls an entire market or industry
  14. 22. creations of the mind used in commerce that are granted exclusive rights
  15. 24. the industry of financial institutions who move money between people and businesses
  16. 25. laws used to keep competition fair by preventing monopolies or other unfair market practices
Down
  1. 1. the profit made when the value of an asset goes above the original purchase price and is sold
  2. 2. a required payment to the government to help fund programs and other services
  3. 3. the organizations that are run by the government to serve the community
  4. 5. A government rule that limits the quantity or value of goods a nation can buy from or sell to other countries over a period of time
  5. 7. how much one currency is worth in another country
  6. 9. The branch of economics that focuses on broad issues such as growth, unemployment, inflation, and trade balance; the “big picture” of economics
  7. 13. happens when people, businesses, or nations depend on another for the trade of goods and services
  8. 14. the governments rules that impact how markets and businesses work
  9. 18. someone who takes risks to start a new business venture
  10. 23. the government's power to take private property for public use in exchange for compensation