Across
- 2. The extra satisfaction (change in total utility) from consuming one more unit of a good
- 6. Working at a job for which one is overqualified, or working part time when full-time work is desired
- 13. A tax where the percentage of the income that is paid in taxes decreases as income increases
- 14. GDP measured in current prices
- 15. A tax for which the percentage of income paid in taxes increases as income increases
- 16. Unemployment that rises during economic downturns and falls when the economy improves
- 17. A type of policy where the government engages in spending and taxation to influence the economy
- 19. A type of good that is non-rivalrous and excludable
- 20. An acronym for the determinants of demand
- 23. Taxes on imported goods
- 25. Someone who enjoys a benefit without contribuiting to its cost
- 27. Type of unemployment that occurs when people take time to find a job
- 28. The cost or benefit made by someone (a bystander) other than the consumer or producer of a good
- 29. A type of market structure that contains differntiation of production and there are barriers for entry
- 30. A limit on how much of a certain good can be imported
- 31. A type of policy where the Federal Bank manages the money supply
Down
- 1. An acronym for the determinants of supply
- 3. The total amount of satisfaction received from all the units of a good
- 4. Type of unemployment in which an industry slows or shuts down at a certain point in the year
- 5. A cost that rises or falls depending on the quantity produced
- 7. GDP measured in constant, unchanging prices
- 8. A tax for which the percentage of income paid in taxes remains the same at all income levels
- 9. The most desirable alternative given up as a result of a decision
- 10. A type of market structure in which there are a large number of buyers and sellers, products are identical, and there is easy market entry
- 11. A type of resource/good that is rivalrous and non-excludable
- 12. A type of good that is rivalrous and excludable
- 18. Type of unemployment that occurs when workers’ skills do not match those needed for the jobs available
- 21. A market structure in which a few large firms dominate a market
- 22. A type of good that is non-rivalrous and non-excludable
- 24. The principle that limited amounts of goods and services are available to meet unlimited wants
- 26. The degree to which a demand or supply is sensitive to changes in price or income