Across
- 6. When there is only a certain number of a supply
- 9. the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
- 13. A person, company, or country that makes, grows, or supplies goods or commodities for sale
- 14. A situation in which quantity demanded is greater than quantity supplied
- 15. The amount of goods available
- 16. A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed.
- 18. unemployment that occurs when people take time to find a job
- 20. A limit placed on the quantities of a product that can be imported
- 21. A business in which two or more persons combine their assets and skills
- 23. the additional benefit to a consumer from consuming one more unit of a good or service
- 24. Land, labor, and capital; the three groups of resources that are used to make all goods and services
- 25. unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one
Down
- 1. the most desirable alternative given up as the result of a decision
- 2. A person who purchases goods and services for personal use
- 3. A tax on imported goods
- 4. A business owned by stockholders who share in its profits but are not personally responsible for its debts
- 5. the desire to own something and the ability to pay for it
- 7. A business owned by one person
- 8. unemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season
- 10. safety
- 11. the cost of producing one more unit of a good
- 12. A situation in which quantity supplied is greater than quantity demanded
- 17. a state in which opposing forces or influences are balanced.
- 19. an official ban on trade or other commercial activity with a particular country.
- 22. money for investment