Economics - Unit 1

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Across
  1. 2. the money which a government collects in taxes and other payments is known as...
  2. 3. long term bonds which are traded and have a low level of risk
  3. 5. Adam Smith's most famous book
  4. 6. "the bible of the working class"
  5. 8. French term coined by David Ricardo which argued for less government intervention in the market
  6. 11. last name of economist who was concerned with the morality of the slave trade
  7. 15. to be productive without waste
  8. 17. when banking and finance are supervised less by the government or authorities
  9. 19. the desire to own something
  10. 21. the name given to metals, oils, or agricultural products which are traded
  11. 22. the collective group of those involved with managing a business
  12. 23. name for the tax paid on a residential home or commercial business
  13. 24. a special form of loan or credit to buy a house or other property
  14. 25. term used to describe assets that can quickly be converted into cash
  15. 26. a person who buys goods and services
  16. 28. ....and demand are two basic principles in economics
  17. 29. a package of financial products or items which are traded together
Down
  1. 1. money paid on savings and investment
  2. 4. theory argued for by Adam Smith which argued that the market would correct itself
  3. 7. term used to describe the point at which a stock reaches its highest possible level
  4. 9. the U.S. state Mr. Butler was born in
  5. 10. a list showing share, commodity, or currency prices
  6. 12. a very severe recession
  7. 13. concept in economics where a consumer makes choices to gain the most economic satisfaction
  8. 14. taxes paid to the government for certain goods such as alcohol, petrol, etc
  9. 16. Karl Marx's term for the lower-class working poor
  10. 18. not a good value in terms of money spent
  11. 20. an economic decline for more than 2 quarters in which production and demand decreases
  12. 27. a company may issue these to raise capital