Across
- 1. people are able to choose their jobs and their employer
- 3. the unemployment rate at full employment
- 6. a graphical representation of a demand schedule.
- 7. is about peoples belief about the future
- 8. something that is intangible
- 9. something that is tangible
- 10. encourages people to work to improve their economic well-being
- 12. a list of quantities supplied at specific prices.
- 14. goods to produce goods for future consumption or tools and machinery
- 15. the cost of the next best alternative
- 16. a list of prices and quantities demanded.
- 17. a place or arrangement that allow buyers and sellers to exchange products
- 18. a legal maximum on the price at which a good can be sold
- 20. there is no such thing as free lunch
- 22. people who take risk and start a new business
- 23. its what we look at to calculate the inflation rate
- 24. people with their skills as employees
Down
- 2. private individuals make most important economic decisions
- 4. business cycle phase when gdp has maxed out
- 5. the main measure of overall price increases
- 11. business cycle phase with shrinking gdp
- 13. people control their own possessions
- 19. resources that come from nature
- 21. a tax on imports to limit international trade