Across
- 2. A ___________ tax is one that increases with one's income.
- 4. An ______ is the sale of a good or service to another country.
- 5. A ________ is a type of market in which there is an absence of competition, and one single person or firm is the only supplier of a particular good/service.
- 8. ____________ is a policy that aims to maximize exports and minimize imports.
- 9. ________ rate refers to the rate at which one country's currency is traded for another.
- 10. A period in the business cycle in which economic activity declines.
- 11. A ______ is a tax imposed on the import/export of goods.
- 14. ________ unemployment is the type of unemployment intrinsic to the upturn and downturn of the business cycle.
- 16. Market _________ is the extent to which assets can be sold or bought without drastic change to said assets' prices.
Down
- 1. Economic ___________ measures the well-being and quality of life in a country.
- 3. _______ is the income earned from the sale of goods/services.
- 6. A decrease in the value of a currency is known as a ____________.
- 7. ________ is the concept that is the foundation for economics as a whole, and refers to the limited availability of resources.
- 8. ________ utility is the change in total utility caused by the consumption of a single unit of a good or service.
- 12. The attribute of economic independence is known as _______.
- 13. _________ is when prices in an economy as a whole rise.
- 15. ___ is an acronym that refers to the monetary value of all goods/services produced over a certain time period within a country.
