Across
- 3. as price rises demand decreases (3 words)
- 5. tax that is paid everytime you purchase something (2 words)
- 7. where supply meets demand with no shortage or surplus
- 10. putting away money for long-term financial goals like retirement
- 11. the total of all goods and services produced in a country in one year
- 12. economic system where habit and custom answer the economics questions
- 14. economic model that shows how goods and services flow in the marketplace (2 words)
- 17. a rise in prices and a fall in the purchasing power of money
- 19. policy that is used by the government to manage the economy
- 21. unlimited wants exceed limited resources
Down
- 1. economic system where the government makes all decisions
- 2. as price rises supply increases (3 words)
- 4. amount you have to pay before insurance will pay
- 6. when a small group dominates a market
- 8. when one company or person completely controls the market
- 9. government authority to control or change practices in a market
- 13. tax that is paid on the money an individual makes in over a year (2 words)
- 15. putting away money for an emergency
- 16. policy that is used by the Federal Reserve to manage the economy
- 18. economic system where the economics questions are answered by consumers (2 words)
- 20. a charge for borrowing money