Across
- 5. the market value of all goods and services produced in a nation
- 7. mandatory payment to a government
- 9. many buyers and sellers of similar but differentiated products
- 11. tax taken is the same percentage from all individuals
- 12. money taken from a worker's pay before the worker receives it
- 13. stagnation in business activity and inflation of prices
- 14. tax taken places a higher rate of taxation on high-income earners
- 15. single seller of a product with no close substitutes
Down
- 1. tax taken places a higher rate of taxation on lower income individuals
- 2. government spending that is required by law
- 3. when there are only a few sellers for many buyers
- 4. many buyers and sellers of standardized products
- 6. government income
- 8. government spending that must be authorized each year
- 10. anything that makes it difficult for a business to enter the market