Across
- 3. the increase in the value of a capital asset when it is sold
- 4. an entity which has the ability to translate inventions or technologies into products and services
- 7. an interdependence of nations around the globe fostered through free trade.
- 11. a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period.
- 12. the voluntary exchange of goods or services between economic actors.
- 13. a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities
- 14. occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets
- 15. the compensation a business must pay to its employees for a set period or on a given date
- 16. studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption
- 17. a government order prohibiting the departure or arrival of merchant ships in its ports
- 19. the study of whole economies
- 20. money or value that an individual or business entity receives in exchange for providing a good or service or through investing capital.
- 23. the power of the government to take private property and convert it into public use
- 24. the economic valuation of all the investments, assets, and interests of an individual
Down
- 1. public-sector jobs are generally within a government agency, while private-sector jobs are those where employees work for non-governmental agencies.
- 2. the regulation of the concentration of economic power, particularly in regard to monopolies and other anticompetitive practices
- 4. a relative price of one currency expressed in terms of another currency (or group of currencies)
- 5. requirements the government imposes on private firms and individuals to achieve government's purposes.
- 6. a set of actions to control a nation's overall money supply and achieve economic growth.
- 8. the situation where two or more parties (individuals, businesses, companies, countries, etc.) depend upon each other for the exchange of goods and the fulfillment of their necessities.
- 9. used to offset market failures and externalities to achieve greater economic efficiency
- 10. the set of products protected under laws associated with copyright, patent, trademark, industrial design, and trade secrets.
- 18. a market structure where a single seller or producer assumes a dominant position in an industry or a sector
- 21. the business of protecting money for others.
- 22. the use of government spending and taxation to influence the economy