Across
- 3. A market structure with only one seller and unique products.
- 4. The most critical factor of your FICO score, making up 35%.
- 5. The permanent gap between limited resources and unlimited wants.
- 7. Type of IRA where money grows and is withdrawn tax-free at retirement.
- 9. The total value of all goods produced in a nation (C+I+G+Xn).
- 10. The "Banker's Bank" that manages money supply and interest rates.
- 13. A legal maximum price set below equilibrium, often resulting in a shortage
- 14. Unemployment caused by an economic downturn or recession.
- 15. Costs already spent that should be ignored in rational decision-making.
Down
- 1. The ability to produce a good at a lower opportunity cost than another.
- 2. The study of how we manage the "Economic Problem"
- 6. A tax on imported goods.
- 8. The value of the next best alternative given up when making a choice.
- 11. "TINSTAAFL" reminds us that there is no such thing as a free ___.
- 12. How quickly an asset can be converted to cash without losing value.
