Economics

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Across
  1. 2. A sustained and continuous increase in the general price level.
  2. 6. Objects that can satisfy people's wants.
  3. 7. Dependence on others for goods and services; occurs as a result of specialization.
  4. 8. The gain received from voluntary exchange.
  5. 9. National, state and local agencies that use tax revenues to provide goods and services for their citizens.
  6. 11. Factors that motivate and influence the behavior of households and businesses. Prices, profits, and losses act as incentives for participants to take action in a market economy.
  7. 15. Individuals and family units which, as consumers, buy goods and services from firms and, as resource owners, sell or rent productive resources to business firms.
  8. 18. Standards or measures of value that people use to evaluate what is most important.
  9. 19. The direct trading of goods and services without the use of money.
Down
  1. 1. Consumer goods expected to last longer than three years.
  2. 2. The purchase of a security, such as a stock or bond.
  3. 3. Goods or services bought from sellers in another nation.
  4. 4. Options among which to make choices.
  5. 5. The payments made for the use of borrowed or loaned money.
  6. 8. Private profit-seeking organizations that use resources to produce goods and services.
  7. 10. Trading goods and services with others for other goods and services or for money (also called trade).
  8. 12. Goods or services produced in one nation but sold to buyers in another nation.
  9. 13. A certificate reflecting a firm's promise to pay the holder a periodic interest payment until the date of maturity and a fixed sum of money on the designated maturity date.
  10. 14. All buildings, equipment and human skills used to produce goods and services.
  11. 16. Receive payment (income) for productive efforts.
  12. 17. A schedule of how much consumers are willing and able to buy at all possible prices during some time period.