Economics

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Across
  1. 2. A good that is brought into one country from another
  2. 7. Branch of economics with individual decision making
  3. 10. Basic determinant of living standards
  4. 11. Money received on a regular basis for work or investment
  5. 12. Intangible items that can be bought and sold
  6. 14. The total amount of a good or service available for sale.
  7. 16. The basic and central economic problem
  8. 19. A plan of how much money a person, business or government is able to spend and how it will be spent
  9. 20. An economic system in which individuals,not the government control the production and distribution of goods and services
  10. 23. A decrease in the overall price level
  11. 24. Money brought in by a business
  12. 25. Desires for non essential items
  13. 27. Refers to economics " as it is"
  14. 29. Cap A government imposed limit on the price of a good or service
  15. 31. Money that a government collects from people and businesses
  16. 33. The foregone value of what you give up when you make choicesHouseholds- They are called the resource owners
  17. 37. An increase in the overall price level
  18. 38. He made general theories of employment,interest and money
  19. 39. The point where supply and demand intersect
  20. 40. The essentials of Life,such as food and shelter
Down
  1. 1. A situation items that can be bought and sold
  2. 3. A market with only one seller
  3. 4. An economic system that is a combination of free market and command economy
  4. 5. The Greek word of economics
  5. 6. Factors that can shift the demand curve
  6. 8. A situation where the quantity supplied exceeds the quantity demanded
  7. 9. When expenses exceed income
  8. 13. Someone who buys and uses goods and servicesGoods Tangible items that can be bought and sell
  9. 15. The desire,willingness and ability to buy a good or service
  10. 17. Money loaned, usually for a fee,that must be paid back
  11. 18. Smith Considered the father of economics
  12. 21. The money a person pays to borrow money or the money a bank pays
  13. 22. To use money to earn interest or income
  14. 23. A graphical representation showing the relationship between price and quantity demanded
  15. 26. A situation where the quantity demanded exceeds the quantity supplied
  16. 28. A good that is sent from one county to anotherProfit The money a business makes after expenses are paid
  17. 30. The study of how individuals and societies make decisions under conditions of scarcity
  18. 32. A graph showing the relationship between price and quantity supplied
  19. 34. Ceiling A government set maximum price
  20. 35. The people or business that provide goods and services
  21. 36. The cost of all inputs used in production