Economics Review Extended Opportunity

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Across
  1. 3. Foreign goods and services purchased from sellers in other nations
  2. 7. Amount of money you have to pay before the insurance company starts paying
  3. 11. The point at which quantity demanded equals quantity supplied
  4. 12. Programs that help people when they need it
  5. 13. Anything good that comes from making a decision
  6. 17. Economic and political system that seeks to create a classless society
  7. 19. Initial upfront portion of a total amount due usually paid in cash when finalizing a transaction
  8. 21. ____________ demand, the amount people are willing and able to buy at a given price
  9. 23. Buy now pay later
  10. 24. A general increase in prices and a fall in purchasing power of money
  11. 25. Philosophy that government should get involved in the economy when necessary
  12. 26. Certain goods/services that are needed or wanted but are not provided by the market
  13. 27. Market structure with few sellers and some barriers to entry
  14. 28. The bank can take the home from the borrower if they default on the loan
  15. 31. Tax on imports
  16. 32. Economic system in which decisions are made by customs
  17. 33. Market characteristic in which buyers and sellers freely and willingly enter into transactions
  18. 34. Statistics used to determine the health of an economy
  19. 35. Phase on the business cycle in which the economy is growing
Down
  1. 1. Anything bad that comes from making a decision
  2. 2. Something that is made or produced (tangible)
  3. 4. A good that can be used instead of another
  4. 5. The concept that all resources are limited
  5. 6. An action that someone does that benefits another
  6. 8. All the alternatives choices that could have been made
  7. 9. Taxing and spending by the government to stimulate the economy
  8. 10. The full amount of money you make before taxes
  9. 14. Economic goal that allows consumers to decide how to save or spend their incomes
  10. 15. Economic system in which buyers and sellers meet to exchange goods and services
  11. 16. Economic term referring to the cost of producing one additional unit of something
  12. 18. When the quantity supplied exceeds the quantity demanded
  13. 20. A decision that impacts others negatively
  14. 22. The amount borrowed
  15. 29. The next best alternative
  16. 30. Economic system in which centralized decisions are made by a government