Economics

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Across
  1. 3. a situation in which quantity supplied is greater than quantity demanded
  2. 4. money for investment
  3. 6. Trade the exchange of goods and products between peoples all regions of the world
  4. 9. the purchase or use of goods and services
  5. 10. Questions of Economics What to produce, How to produce? For whom to produce?
  6. 11. reliance on others to satisfy wants
  7. 12. objects that are capable of satisfying people's wants/needs
  8. 14. resources the people who do the work to produce the good/service
  9. 15. the exchange of something of value
  10. 18. when most goods and services have several producers which effects the price of the good or service
  11. 20. resources new or reserved source of supply used to produce a good/service
  12. 22. study of how societies decide what to produce, how to produce it, and for whom to produce
  13. 24. of supply & demand a law which states that when supplies of goods and services become plentiful, prices tend to drop. When supplies become scarcer, prices tend to rise.
  14. 26. combining natural/human/capital resources and entrepreneurship to make goods/services
  15. 27. resources the tools, equipment, machines, buildings needed for production
  16. 29. goods brought into a country
  17. 31. a continuous rise in the price of goods and services
  18. 32. goods sold to other countries
  19. 33. the quantity of a good or service that consumers are willing and able to buy
Down
  1. 1. growth to a global or worldwide scale
  2. 2. cost what is given up when a decision is made
  3. 5. Economy also known as capitalism or the free enterprise system, people get to pick and choose what they do System of the U.S.
  4. 7. exchange goods without involving money
  5. 8. events that follow an action
  6. 13. limited quantities of resources to meet unlimited wants
  7. 16. accepting the risk of starting and running a business
  8. 17. Economy an economic system in which the government makes all economic decisions
  9. 19. resources supplies that come from the land to produce the good/service (a gift of nature)
  10. 21. the concentration of production on fewer kinds of goods/service that are consumed
  11. 23. the amount of goods available
  12. 25. a slowdown in a nation's economy
  13. 28. Economy an economy in which production is based on customs and traditions
  14. 30. interaction of buyers and sellers exchanging goods