Across
- 2. An association of manufacturers or suppliers with the purpose of maintaining prices at a high level.
- 6. The amount of an asset or resource that exceeds the portion that's utilized.
- 7. The study of a national economy as a whole.
- 10. A side effect or consequence of an industrial or commercial activity that affects other parties.
- 12. Something that motivates or encourages one to do something.
- 14. The study of individuals, households, and firms' behavior in decision-making.
- 17. The simultaneous purchase and sale of an asset to profit from an imbalance in the price.
- 18. The total satisfaction received from consuming a good or service.
- 19. The point where market supply and demand balance each other, and prices become stable.
- 22. The process of concentrating on and becoming expert in a particular subject or skill.
- 23. Cost: The loss of potential gain from other alternatives when one alternative is chosen.
- 24. A type of unemployment that occurs when people are between jobs or looking for their first job.
- 26. A person who organizes and operates a business, taking on greater than normal financial risks.
- 28. A decrease in the general price level of goods and services.
- 29. The process by which businesses or other organizations develop international influence.
- 33. A market structure in which a small number of firms has the majority of market share.
- 34. The effectiveness of productive effort, especially in industry, as measured by the rate of output per unit of input.
- 35. A sum of money granted by the government to assist an industry or business.
- 38. The gradual decrease in the economic value of the capital stock of a firm or nation.
- 39. Monetary inflation occurring at a very high rate.
- 40. The theory or practice of shielding a country's domestic industries from foreign competition.
Down
- 1. A curve showing the relationship between tax rates and the amount of tax revenue collected by governments.
- 3. The process of allocating capital in a way that reduces the exposure to any one particular asset.
- 4. A relationship between countries in which they rely on one another for resources and goods.
- 5. A good whose appeal increases with the popularity of its paired counterpart (e.g., peanut butter and jelly).
- 8. A period of temporary economic decline during which trade and industrial activity are reduced.
- 9. A tax imposed by a government on imported goods and services.
- 11. The efficiency or ease with which an asset or security can be converted into ready cash.
- 13. Persistent high inflation combined with high unemployment and stagnant demand.
- 15. A raw material or primary agricultural product that can be bought and sold.
- 16. The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.
- 20. An economic system where the factors of production are owned by the public or the state.
- 21. A company's financial debt or obligations that arise during its business operations.
- 25. The amount by which spending exceeds revenue over a particular period of time.
- 27. A measure of a variable's sensitivity to a change in another variable, often price.
- 30. An economic system characterized by private or corporate ownership of capital goods.
- 31. A market structure characterized by a single seller, selling a unique product in the market.
- 32. A sum of money paid regularly by a company to its shareholders out of its profits.
- 36. Economic theory advocating for government intervention to manage demand.
- 37. A general increase in prices and fall in the purchasing value of money.