Economic Vocab

4. Government adjustments in spending and taxation to influence the economy. (12 letters)
7. A tax imposed on imported goods. (6 letters)
10. Measures changes in the price level of a basket of consumer goods and services. (3 letters, abbreviation)
11. The value of one currency for the purpose of conversion to another. (12 letters)
12. The total supply of goods and services available to a particular market from producers. (16 letters)
14. The general increase in prices and fall in the purchasing value of money. (9 letters)
15. Market structure where a single seller dominates. (8 letters)

1. Investment made by a firm or individual in one country in business interests in another country. (3 letters, abbreviation)
2. The loss of potential gain from other alternatives when one alternative is chosen. (14 letters)
3. A composite index measuring average achievement in key dimensions of human development. (3 letters, abbreviation)
5. The state in which market supply and demand balance each other. (11 letters)
6. The ease with which an asset can be converted into cash. (9 letters)
8. A period of temporary economic decline. (9 letters)
9. The cost of producing one more unit of a good. (12 letters)
13. The total value of goods produced and services provided in a country during one year. (3 letters, abbreviation)