Unit 2 Vocabulary

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Across
  1. 1. The private sector is the part of the economy not run by the government.
  2. 3. The branch of economics that considers the behaviour of decision takers within the economy, such as individuals, households and firms.
  3. 7. Someone who organizes, manages, and assumes the risks of a business or enterprise.
  4. 8. A deficiency in amount.
  5. 10. The use of government spending and taxation to influence the economy.
  6. 11. Privately-owned institutions that, generally, accept deposits and make loans.
  7. 12. The branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy.
  8. 14. A market structure that consists of a single seller or producer and no close substitutes.
  9. 15. How trade and technology have made the world into a more connected and interdependent place.
  10. 16. A government restriction placed on the importation or export of goods, services, or currency to another state.
  11. 17. Regulations that encourage competition by limiting the market power of any specific firm.
  12. 19. Rules that limit who can enter a business (entry controls) and what prices they may charge (price controls).
  13. 20. Money or value that an individual or business entity receives in exchange for providing a good or service or through investing capital.
  14. 21. A paymaster's or employer's list of those entitled to pay and of the amounts due to each
Down
  1. 2. A relative price of one currency expressed in terms of another currency (or group of currencies).
  2. 4. Regulations that encourage competition by limiting the market power of any particular firm.
  3. 5. Any intellectual creation, such as literary, artistic, inventions, designs, symbols, names, images, computer code, etc.
  4. 6. A transfer of resources from a government to a domestic entity without an equivalent contribution in return.
  5. 9. Is the power of the government to take private property and convert it into public use.
  6. 12. A set of actions to control a nation's overall money supply and achieve economic growth.
  7. 13. The increase in the value of a capital asset when it is sold
  8. 18. 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.