Economics

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Across
  1. 2. What is the greatest cost of taking on credit?
  2. 3. Which "Savings Plan" offers no/low minimum deposits, low interest, and no penalty for withdrawing funds?
  3. 5. The three characteristics of a normal,healthy economy are Full employment,Low inflation, and…….?
  4. 6. In the United States, in which factor of production do we have an advantage? In which do we have a disadvantage?We have an advantage in Capital and a disadvantage in….?
  5. 10. The two main goals of the U.S federal reserve is to fight high inflation and…..?
  6. 12. What is the basic problem in economics?
  7. 14. A person who is making rational economic decisions when purchasing a good or service is first considering….?
  8. 17. Competition is good for the buyers in an economy because it decreases prices and increases what quality?
  9. 18. What is the largest form of debt that most people will have in their lifetime?
  10. 19. What is the TOTAL of all of the money earned within the United States?
  11. 20. They make their own decisions for their best interest?
  12. 21. Since wealthy people tried to avoid paying the estate tax by giving away their property before they died, what tax was passed to prevent this?
  13. 22. Who has the power to actually test whether an economic model can benefit the whole society?
  14. 24. The desire,ability,and willingness to buy a product.
  15. 25. In the United States, who typically goes into debt?Government,Companies,Groups/Organizations,and….?
Down
  1. 1. In the U.S., which area of the economy frequently subtracts from the GDP?
  2. 4. Which type of unemployment is caused by different hiring needs at different times of the year?
  3. 7. A trade off is a what?
  4. 8. What three issues can the Fed address with monetary policy.Increase employment,Control inflation,and…?
  5. 9. What are the two "Fiscal Policy" tools that are used to address problems in the economy?Government spending and..?
  6. 11. How Many dollars worth of goods and services are made in a country over time (typically one year).What is this?
  7. 13. According to the "Law of Supply", as the price of a product increases, the quantity supplied will?
  8. 15. A shift of the demand curve.
  9. 16. If a good has many substitutes, its price is more likely to be?
  10. 23. What is shown when drawing a very flat demand curve?