Economics

Edit Answers
12345678910111213141516171819202122232425262728293031323334353637383940414243444546474849505152535455565758596061626364656667686970717273747576777879808182838485868788
Across
  1. 2. a specific point on the curve showing how much will be produced at a specific price
  2. 4. Funds deposited in a bank that the depositor (account holder) can withdraw at will
  3. 5. This type of credit is usually for expensive items and allows you to purchase a good or service and pay it back in fixed monthly payments
  4. 8. In a ___, the company has the advantage since they have no competition and can set the price at whatever they want.
  5. 9. the value of a country’s exports - the value of a country’s imports
  6. 12. Externalities that include public schools, beaches, parks.
  7. 14. The Federal ___ ___ ___ (FDIC) insures bank deposits in the United States up to $100,000 for each deposit.
  8. 17. When price is higher than the equilibrium price then too much will be produced
  9. 20. The ___ ___ is a giant marketplace where traders buy and sell stocks
  10. 22. Suppliers will typically produce ___ of a good when the price rises
  11. 24. This type of credit is a way to borrow cash, usually through a bank or credit union.
  12. 27. how much suppliers should charge for their product
  13. 28. Factor of production: all the natural physical resources necessary to your product or service
  14. 29. when ___ changes, only the quantity demanded changes as a result
  15. 32. ___ Externalities: consequences are desirable and welcome effects on third parties
  16. 34. A business offering credit charges you ___ on the money borrowed.
  17. 36. cost the most valued alternative/trade-off
  18. 37. quantity supplied < quantity demanded
  19. 38. A savings note issued by a bank to a depositor who places funds in savings for a set period of time
  20. 40. looks at the big picture of communities, nations, and global decision making
  21. 43. Money has a consistent numerical measurement
  22. 44. ___ where marginal cost is closest to marginal revenue without exceeding to maximize profits.
  23. 45. ___ Externalities: consequences are undesirable and unwelcome effects on third parties
  24. 48. quantity supplied > quantity demanded
  25. 51. Barrier to trade: sets a maximum amount of a product for import
  26. 52. In ___ ___, the lowest price gets the sale.
  27. 53. ___ and mutual funds are moderate-risk investments.
  28. 55. limited resources; You are unable to be in two places at once and you do not have unlimited time, so you choose how to spend the time you do have
  29. 56. ___ taxes are collected when a person pays for a good or service. The seller must submit these taxes to the government.
  30. 58. looks at the smaller picture of individuals and businesses.
  31. 61. the general rise in prices over time
  32. 63. ___ are the the riskiest of the investments because large amounts of money can be earned or lost.
  33. 67. ___ tax system: the tax rate is equal for all income levels
  34. 69. Barrier to trade: a safety and quality standard
  35. 72. Factor of production: intelligence, imagination, and the ability to take risks
  36. 73. ___ = Total Revenue – Total Cost
  37. 76. ___ equilibrium: the price is set too high
  38. 77. ___ is a borrowing service that allows you to obtain goods and services now but pay for them later.
  39. 79. Externalities that benefit without the cost of the good
  40. 80. an account that allows the depositor to set aside a portion of income /year
  41. 81. A pool of funds collected from many investors in order to purchase stocks, bonds, and other investments in greater amounts
  42. 83. Money is used to describe the worth of an item.
  43. 85. A type of credit where a deposit is paid to receive a service such as utilities.
  44. 86. a share of ownership in a corporation
  45. 87. ___ ___ = revenue gained with the production of 1 additional unit of a good or service
  46. 88. ___ of Value: Money holds its value.
Down
  1. 1. money the government declares legal for use in payment
  2. 3. ___ stock does not usually come with voting rights, but does offer fixed dividends.
  3. 6. ___ stock allows investors to vote on various company issues such as its leaders and often offers dividends payout.
  4. 7. These are plastic cards with a magnetic strip issued by stores, banks, and businesses used to purchase goods and services
  5. 10. Barrier to trade: the complete refusal to import a good or even all goods from a particular country
  6. 11. a specific point on the curve showing how much will be purchased at a specific price
  7. 13. Countries want to have ___ exports than imports.
  8. 15. Barrier to trade: limits consumer access to goods that are considered to be of poor quality or do not meet social expectations
  9. 16. Externalities that are productive ingredients that exist in quantities > people need or want for production (i.e. air, water).
  10. 18. In ___-___ ___, factors other than price can effect consumer decisions.
  11. 19. ___ income = income AFTER taxes and fees
  12. 21. ___ of money: Divisible, Stable in value, Durable, Portable, Scarce, Accepted
  13. 23. ___ ___ = cost of producing 1 additional unit of a good or service
  14. 25. Factor of production: the tools humans create to make the business more efficient
  15. 26. Stocks and futures are ___ -risk investments.
  16. 30. During the ___ phase, unemployment rises while inflation falls.
  17. 31. the total amount of a good or service that people are willing to buy
  18. 33. Factor of production: the human work that goes into the business
  19. 35. ___ taxes are paid straight to the government.
  20. 39. ___ ___ = Quantity x Price
  21. 41. Purchasing a(n) ___ means giving a loan to a company.
  22. 42. the study of how people get the goods and services they need and want
  23. 44. competition In a ___ ___, the customer has the advantage and will always go with the lowest price.
  24. 46. ___ ___ = Fixed Costs + Variable Costs
  25. 47. The point where the supply and demand curves meet; identifies the →
  26. 49. To earn money, the rate of return must be ___ than the rate of inflation.
  27. 50. During the ___ phase, GDP is increasing.
  28. 54. When price is lower than the equilibrium price then not enough will be produced
  29. 57. a savings account that offers a higher rate of return in exchange for larger deposits than normal.
  30. 59. All the resources necessary to produce goods and services
  31. 60. ___ tax system: as income increases, the tax rate increase
  32. 62. Traditional savings or checking accounts, Individual Retirement Accounts, certificates of deposit, and ___ ___ ___ are low-risk investments.
  33. 64. costs or benefits to third parties
  34. 65. Barrier to trade: a tax on imported goods
  35. 66. ___ tax system: as income increases, the tax rate decreases
  36. 68. activities or items you give up in exchange for something else
  37. 70. The ___ is the transition from a contraction to an expansion phase
  38. 71. ___ income = income BEFORE taxes and fees
  39. 74. ___ for agriculture are money paid to farmers to supplement their income.
  40. 75. of Exchange: Money is accepted in exchange for another item
  41. 78. The products available for purchase
  42. 82. ___ equilibrium: the price is set too low
  43. 84. The ___ phase is where production and inflation rate are highest.