Economics

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Across
  1. 2. what is the term that refers to the people and firms that use resources to make goods and services?
  2. 5. what is the term that is used when money is transferred into a financial account?
  3. 7. of someone elses funds in exchange for a promise to pay back with interest
  4. 8. price/ What is the term used when both producers and consumers are satisfied with the market price?
  5. 10. that is generally accepted as a medium of exchange in which to buy goods and services.
  6. 11. goods/What is the term that refers to the replacement of a good?
  7. 13. what is the situation where people are willing to work but do not have jobs?
  8. 15. who is the person who organizes, manages a business?
  9. 16. possibility curve/ what does PPC stand for?
  10. 17. what is the condition that refers to unlimited wants and limited resources?
  11. 20. cost/ What is the term that refers to the next best alternative that must be given up when a choice is made?
  12. 21. is the term that involves very small numbers of sellers and high market power?
  13. 23. purchase of security, such as a stock or bond for profit
  14. 27. is the term that involves large number of buyers and small number of sellers?
  15. 29. cost/ total cost divided by output
  16. 30. what is the term that refers to the quantity and quality of human effort available to produce goods and services?
  17. 31. that relies essentially on the growth and nurturing of plants
  18. 35. or services produced in one nation but sold to other nations
  19. 36. what is the term that refers to the goods that are required to assist the production of other goods and services/Capital
  20. 37. of living/Degree of wealth and material comfort available to a person or community
  21. 38. state of having paid work
  22. 42. what is the term used when a country buys production of goods or services from another country?
  23. 43. what is the term that refers to the type of loan that is used to purchase a house?
  24. 45. rate/ What is the term used when the rate of one country's currency is exchanged for the currency of another country?
  25. 47. income/ What is the term that refers to the total income received from all sources?
  26. 48. is the total number of groups the Consumer Price index regime consist of?
  27. 49. type of elasticity is cigarettes?
  28. 51. what is the term that refers to the decrease in prices of goods and services over a period of time?
  29. 54. what is the term that refers to the activities that satisfy people's wants?
  30. 55. tax on an imported good
  31. 58. what is the term that refers to the objects that satisfy people's wants?
  32. 59. inflation/ What is the situation when there is excess demand and widespread shortages?
  33. 60. rates/ Australia's ____ is currently sitting at 2.25%
Down
  1. 1. what is the term that refers to the value of all finally goods and services produced in a year?
  2. 3. is the term that is used when the government assists companies by giving them money?
  3. 4. when a country has a negative GDP the country is likely to be experiencing a_____.
  4. 6. quantity supplied exceeds the quantity demanded
  5. 9. is the term that refers to the rapid increase in prices of goods and services over a period of time. 43 words/
  6. 10. Competition/What is the term that involves a a lot of competition between firms, each producing a similar product?
  7. 12. profit-seeking organizations that use resources to produce goods and services
  8. 14. income/What is the term that refers to the amount of money available after income taxes?
  9. 18. what is the term that refers to the value of a good or service?
  10. 19. spending/Purchase of consumer goods and services
  11. 22. who use resources to make goods and services
  12. 24. Growth/What is the term that refers to the increase in the total output of a nation?
  13. 25. policy/ What is the policy that controls interest rates?
  14. 26. curve/ What is the graphical representation used to measure the distribution of income?
  15. 28. what is the term that refers to the increase in prices of goods and services over a period of time?
  16. 32. GDP/ What type of GDP measures the actual change in volume of goods and services produce?
  17. 33. or services brought from sellers in another nation
  18. 34. goods/ What is the term that is used when goods can be used together?
  19. 39. event/Drought, flood and fires all fall under the category of a
  20. 40. what is the term that is used to describe the price in which determines how much producers are willing to provide?
  21. 41. Tax/Taxes paid by households and businesses on lands and buildings
  22. 44. coefficient/ What is the term that refers to the measure of degree of equality in the distribution of income?
  23. 46. what is the term that is used to describe the price in which determines how much consumers are willing to buy?
  24. 50. what is the main source of government revenue?
  25. 52. policy/What is he term used when the government decides to change the tax rates?
  26. 53. Demand/Total demand for a country’s output
  27. 56. financial gain
  28. 57. Resources/Oceans, air and minerals are all types of______.