Across
- 6. device used to make cashless purchases; money is electronically withdrawn from the consumer's checkable account and transferred directly to the store's bank account
- 8. refers to workers
- 9. exchange of goods and services for other goods and services
- 10. country that has a blend of capitalism and socialism
- 12. an investment for a certain amount of time in which you leave money until it matures
- 13. complete restriction on the import or export of a particular good
- 15. tax placed on an imported product
- 17. The money a business receives for its products or services over and above the costs of producing it
- 19. concept that a nation should produce and export a limited assortment of goods for which is particularly suited in order to maintain profitable
- 23. The various quantities of a good or service that producers are willing to sell at all possible market prices
- 24. system of putting onto computers all the banking functions that in the past were handled on paper
- 25. rate the price of one nation's currency in terms of another nation's currency
- 26. money that has value because a government fiat, or order, has established it as acceptable for payment of debts
- 28. percentage of people in the civilian labor force that is unemployed and actively looking for work
- 32. goods sold to other countries
- 34. partial ownership in a corporation
- 37. goods bought from other countries for domestic use
- 38. unit that allows consumers to do their banking without the help of a teller
- 39. taking over industries by governments without paying for them
- 40. Desire, willingness, and ability to buy a good or service
Down
- 1. use of advertising inform consumers that a new or improved product is available
- 2. Pleasure, usefulness, or satisfaction we get from using a product
- 3. fall in the price of a currency through the action of supply and demand
- 4. change from state ownership of business to private
- 5. offices and agencies of the government that each deal with a specific area
- 7. world’s largest trade organization
- 11. money, goods, and services given by governments and private organizations to help other nations and their citizens
- 14. nations with relatively high standards of living and economics based more on industry than on agriculture
- 16. combination of inflation and low economy activity
- 18. the Federal Reserve System created by Congress in 1913 as the nation's central banking organization
- 20. periods between the time fiscal policy is enacted and the time it becomes effective
- 21. lowering a currency's value in relation to other currencies by government order
- 22. organization of European nations whose goal is to encourage economic integration as a single market
- 27. anything customarily used as a medium of exchange, a unit of accounting, and a store of value
- 29. Total demand for consumers for their good or service
- 30. theory that deals with the relationship between the amount of money the Fed places in circulation and the level of activity in the economy
- 31. The methods, or processes, used to make goods or services
- 33. all the activities needed to move goods and services
- 35. used by Karl Marx for his ideal society
- 36. the absence of spending