economics

1234567891011121314151617
Across
  1. 5. the additional benefit arising from a unit increase in a particular activity.
  2. 6. a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates.
  3. 8. inputs needed for the creation of a good or service
  4. 11. the loss of potential gain from other alternatives when one alternative is chosen.
  5. 13. someone who owns an unincorporated business by himself or herself
  6. 16. the time-bound restrictions governments impose on trade
  7. 17. portrays the cost of society's choice between two different goods.
Down
  1. 1. when people who work in seasonal jobs become unemployed when demand for labor decreases.
  2. 2. the cost added by producing one additional unit of a product or service.
  3. 3. the amount of an asset or resource that exceeds the portion that is utilized.
  4. 4. a tax imposed by a government on goods and services imported from other countries that serves to increase the price and make imports less desirable, or at least less competitive, versus domestic goods and services
  5. 7. the unemployment which exists in any economy due to people being in the process of moving from one job to another.
  6. 9. a business entity that is owned by its shareholder(s), who elect a board of directors to oversee the organization's activities
  7. 10. the state of being scarce or in short supply; shortage.
  8. 12. when the quantity demanded exceeds the quantity supplied
  9. 14. unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
  10. 15. a condition or state in which economic forces are balanced.