Across
- 3. comparison shopping is based on quality and _____.
- 4. a higher ________ wage may mean a reduced demand for workers
- 8. in this type of business setup, there is potential for great gain or huge loss for all partners
- 12. this person felt government should assist in times of need; government intervention
- 13. this reserve controls interest rates
- 16. technology can lead to efficiency and strong ______ growth
- 17. this type of fund gives you diversification of your portfolio
- 18. this type of government spending includes social security payments, medicare, etc.
- 19. acts as a medium of exchange
Down
- 1. something necessary in life
- 2. the freest market system in the world
- 5. low barriers to entry make it easier for new business to enter a ______.
- 6. something not necessary but you would like it
- 7. the policy set by this body can affect the cost of production
- 8. machinery is this type of capital
- 9. the interest rate spread between treasury bonds and the federal funds rate is an economic _______.
- 10. principle that limited amount of goods and services are available to meet unlimited wants
- 11. using resources and time wisely to maximize output
- 14. government restriction on how high rents can go.
- 15. money used by many European countries