Across
- 4. a study of a subsection within economics
- 7. a study of the whole economy
- 10. focusing on a specific task or product to increase efficiency
- 11. a downward slope that shows consumer behavior
- 12. type of tax where the more you have to tax, the less you pay in taxes
- 16. type of financial aid that is based on merit or skill
- 17. actions or activities one person performs for another
- 19. an upward slope that shows producer behavior
- 20. type of car insurance that is required by law and only covers the other car in the event of an accident
Down
- 1. companies or organizations that provide goods or services
- 2. a visual that shows the flow of money, goods, and services
- 3. the amount you pay for insurance in yearly or monthly installments
- 5. the "god father" of modern economics and author of "The Wealth of Nations"
- 6. amount you are required to pay before the insurance company will pay their portion
- 8. the value of the next best option that you didn't choose
- 9. a physical object that can e purchased
- 13. products that producers are willing to provide and sell
- 14. type of financial aid that is based on financial need
- 15. type of tax where the more you make, the more you pay
- 16. limited resources
- 18. products that consumers want are willing to buy