Economics

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Across
  1. 4. increase in production costs generated by additional production units
  2. 5. owned by a singular person
  3. 6. short supply
  4. 8. political union that promotes an independent Western Europe by promoting free trade
  5. 9. tax placed on imports
  6. 13. decrease supply and increase barriers
  7. 15. agreement to protect free trade by reducing tariffs among Canada, Mexico, and U.S.
  8. 17. if some resources are not fully employed can not meet maximum potential production
  9. 18. supply and demand are balanced
  10. 19. owned by two
  11. 21. when the skills are no longer needed typically due to technological advances
  12. 22. something needed cannot be obtained
  13. 23. legally established minimum price
Down
  1. 1. graph that shows all different combinations of outputs that can be produced
  2. 2. max amount a consumer will pay for a good or service
  3. 3. legally established maximum price
  4. 7. owned by a group of shareholders
  5. 10. against trade barriers
  6. 11. gap between someone leaving one job and finding another
  7. 12. when people are unemployed for a certain part of the year
  8. 14. land, labor, capital, and entrepreneurship
  9. 16. loss of potential gain when you choose something else
  10. 20. share