Across
- 2. A period of economic decline with falling GDP
- 4. The point where supply and demand intersect
- 7. The willingness and ability to sell a good or service
- 8. The transfer of ownership from public to private sector
- 13. Policies related to money supply and interest rates
- 15. A fall in the value of a currency
- 16. A market structure with a few dominant firms
- 18. A cost or benefit that affects a third party
- 19. A general decrease in price levels over time
Down
- 1. A tax on imported goods
- 3. The responsiveness of demand or supply to changes in price
- 5. Government spending and taxation policies
- 6. A limit on the quantity of imported goods
- 7. Focusing on producing goods with a comparative advantage
- 9. A general increase in price levels over time
- 10. The cost of the next best alternative forgone
- 11. The increasing interconnectedness of world economies
- 12. The fundamental economic problem of limited resources and unlimited wants
- 14. A market structure with a single seller
- 17. The willingness and ability to buy a good or service