Across
- 3. resources required to produce the things we would like to have; land labor and entrepreneurs
- 7. economic system of choice in many parts of the world
- 8. how many dollars worth of goods and services were made in america over time
- 12. as your income goes up the percentage of your income that you pay in taxes goes up
- 14. amount of product that would be offered for sale at all possible prices that could prevail in the market
- 16. tools, equipment, machinery, and factories that are used in the production of goods and services
- 18. people with all their efforts, abilities and skills
- 20. a risktaker in search of profits who does something new with existing resources
- 23. funds that purchase stock in companies anywhere around the world, including the US
- 25. the price for that product that we see in the stores
- 26. can be touched
Down
- 1. natural resources that humans cannot create
- 2. these are funds that primarily purchase stock in US based companies
- 4. increases the supply of money to generate economic growth
- 5. index used to calculate inflation rate
- 6. largest category of discretionary spending in the federal economy
- 9. the act of buyers and sellers freely and willingly engaging in market transition
- 10. a collection of stocks versus an individual stock or bond
- 11. resources that are privately owned, and competition is allowed to flourish with a minimal government interference
- 13. something you can touch
- 15. an inflation rate of 4% or lower
- 17. cannot be touched
- 19. a measurfe of the amount of goods and services produced with a given amount of resources in a specific time period
- 21. the study of how human beings choose to use their scarce resources
- 22. period of declining economic performance across an entire economy that lasts for several months
- 24. something you cannot touch but receive