Economics Review

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 Type of IRA where money grows and is withdrawn tax-free at retirement.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