Across
- 3. Government owns some factors of production
- 8. The most desireable option given up when a choice is made
- 9. The study of choices
- 12. Market Structure in which only a few large sellers dominate and have the ability to affect prices in an industry
- 14. Quantity supplied is less than quantity demanded.
- 15. Refuse to work until certain demands are met
- 17. Monetary value of a product
- 18. Market Structure characterized by a single producer in a market
- 19. The amount of product someone is willing and able to buy over a range of price
Down
- 1. A theoretically classless society where everyone works for the common good
- 2. Economic decisions are made by consumers (through supply and demand)
- 4. Price change causes a small impact in quantity demanded
- 5. Limitied quantity to meet unlimited demand
- 6. Amount of a product a producer is willing to sell at all possible prices
- 7. A motivating influence that causes a person to act
- 10. Government payment to encourage or protect a certain activity
- 11. mass refusal to buy products from targeted employers or companies
- 13. A person who works or is employed in place of others who are on strike, thereby making the strike ineffectual
- 16. Highest price that can be legally charged