Across
- 3. When outsiders are affected by someone else’s economic activity.
- 5. – Limited resources to meet unlimited wants.
- 7. Borrowed money that you’ll pay back later.
- 10. Laws-Describes how GDP growth and unemployment move in opposite directions.
- 11. Total value of goods and services made in a country.
- 12. Cycle – The repeated pattern of economic growth and slowdown.
- 14. Trap – When people cannot escape poverty due to economic and social barriers
Down
- 1. Bonds-– Long-term debt issued by businesses to raise funds.
- 2. Rise in the value of a currency compared to others.
- 4. – Goods purchased from abroad.
- 6. – Money leaving a country to foreign markets.
- 7. – Inflation because making goods becomes costlier.
- 8. – A long and deep drop in economic activity.
- 9. Revenue – Extra income earned from selling one more unit.
- 13. Control-Government sets price limits.