Across
- 3. overall rise in the price of all goods
- 7. factor of production that includes all investment
- 11. the general rule that consumers will buy MORE quantity at LESS price is the law of __
- 12. the cost of making a choice, what is given up
- 17. curve showing the potential production of two goods is a production __ frontier
- 21. organization of workers working to better their wages or hours
- 22. type of advertising that uses a famous person to endorse a product
- 23. increase in a curve shifts to the __
- 25. general rules that suppliers will produce MORE quantity at HIGHER price is the law of __
- 26. tax on foreign or imported goods
- 28. government fee
- 29. when two or more businesses combine
- 30. main determinant of how much someone will spend
Down
- 1. decrease in a curve shifts to the __
- 2. fake currency
- 4. economy in which all decisions are made by individual consumers and businesses
- 5. type of advertising convincing someone that "everyone else"loves this
- 6. the process of filing for debt forgiveness when one cannot pay debts
- 8. payment for borrowing money
- 9. basic economic problem of fulfilling unlimited needs and wants with limited resources
- 10. when one gets less satisfaction from owning each additional unit it is known as diminishing __ utility
- 13. when products are used together such as salt and pepper
- 14. goods used for final, individual use by a purchaser
- 15. amount borrowed in a loan
- 16. factor of production that includes all workers
- 18. when one product can be used in place of another such as butter and margarine
- 19. factor of production that includes natural resources
- 20. factor of production that is composed of people with business ideas
- 24. a country's official legal money, paper or coin money
- 27. economy in which one central authority makes all economics decisions