Economics Final Review

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Across
  1. 4. ______________ indicators confirm that GDP has risen over the past few months
  2. 6. amount of pay where quantity of workers demanded equals quantity supplied
  3. 8. type of business that faces the most regulation
  4. 12. a type of monopoly where the costs of production are lowest with one producer
  5. 13. when consumers purchase a good or service they ________ on what should be made
  6. 14. the market pricing system is _______________ because it ensures resources are properly allocated
  7. 15. quantity demanded is greater than quantity supplied
Down
  1. 1. by instituting a ___________, a government can protect consumers from costs rising to a harmful level
  2. 2. products in monopolistic competition are ____________, they are slightly different
  3. 3. a disadvantage of partnerships
  4. 5. shows how much of an item an individual is willing to purchase at possible prices
  5. 7. ____________ employees are not considered full time workers
  6. 9. a market structure where there are few producers than monopolistic competition
  7. 10. an economic system where the government owns some or all of the factors of production
  8. 11. of one the factors of production, machines and tools