Across
- 2. A sustained and continuous increase in the general price level.
- 6. Objects that can satisfy people's wants.
- 7. Dependence on others for goods and services; occurs as a result of specialization.
- 8. The gain received from voluntary exchange.
- 9. National, state and local agencies that use tax revenues to provide goods and services for their citizens.
- 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.
- 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.
- 18. Standards or measures of value that people use to evaluate what is most important.
- 19. The direct trading of goods and services without the use of money.
Down
- 1. Consumer goods expected to last longer than three years.
- 2. The purchase of a security, such as a stock or bond.
- 3. Goods or services bought from sellers in another nation.
- 4. Options among which to make choices.
- 5. The payments made for the use of borrowed or loaned money.
- 8. Private profit-seeking organizations that use resources to produce goods and services.
- 10. Trading goods and services with others for other goods and services or for money (also called trade).
- 12. Goods or services produced in one nation but sold to buyers in another nation.
- 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.
- 14. All buildings, equipment and human skills used to produce goods and services.
- 16. Receive payment (income) for productive efforts.
- 17. A schedule of how much consumers are willing and able to buy at all possible prices during some time period.