Economics

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Across
  1. 1. are work that one person does for another
  2. 3. Every choice involves costs. These costs can take the form of money, time, or some other thing you value.
  3. 6. the study of the wealth and resources of a country or region, especially in terms of production and consumption of goods and services.
  4. 9. is a person who buys or uses goods or services
  5. 12. benefit offered to encourage people to act in a certain way
  6. 13. are desires that can be satisfied by consuming a good or a service
  7. 14. is a maker of goods or a provider of services
  8. 16. the benefit or satisfaction gained from using a good or service
  9. 18. are things that are necessary for survival
  10. 19. Also known as open-end funds are professionally managed funds that pool lots of investors’ money in order to buy a basket of investments.
  11. 20. All the natural resources found on or under the ground that are used to produce goods and services are considered land
  12. 23. Buying assets such as stock, bonds, mutual funds, or real estate with the expectation that your investment will grow in value.
  13. 24. All the human time, effort, and talent that go into the production of goods and services are considered labor
  14. 25. exists when there are not enough resources to satisfy human wants
  15. 26. the alternative someone gives when making an economic choice
  16. 27. The choices people make are shaped by incentives, by expected utility, and by the desire to economize
  17. 28. The collection of physical and electronic markets where buyers and sellers can trade shares. It is like a giant, global auction. Most trading happens through the stock exchanges.
  18. 29. Land,Labor,Entrepreneurship,Capital
Down
  1. 2. A collection of stocks and bonds (or other securities) pooled into a single fund. You can buy and sell shares of ETFs on a stock exchange the same way you buy and sell stocks. Although they are very similar to mutual funds, unlike mutual funds, you can trade ETFs throughout the trading day.
  2. 4. to make decision according what is believed to be the best combination of costs and benefits
  3. 5. a symbol by which stocks are identified. Tickers are a few letters that distinguish a company’s shares in the stock market.
  4. 7. the practice of examining the costs and the expected benefits of a choice as an aid to decision making
  5. 8. All the physical resources made and used by people to produce and distribute goods and services are considered capital. So, too, are the knowledge and skills that make workers more productive
  6. 10. are shares (pieces) of ownership in a company
  7. 11. The combination of vision, skill, ingenuity, and willingness to take risks that is needed to create and run new businesses is called entrepreneurship
  8. 15. are objects, such as food, clothing, and furniture, that can be bought
  9. 17. the additional cost of producing or using one more unit of a good or service
  10. 21. the value of something that is given up by choosing one alternative over another
  11. 22. the benefit or satisfaction gained from using one or more unit of a good or service