Type
Crossword
Description

This crossword contains the following questions and answers:

What's the study of how individuals, families, buisness, and societies use limited resouses to fulfill their unlimited wants? Economics
What means that people do not have and cannot have enough income, time, and other resources to satisfy their every want? Scarcity
What are resources needed to produce goods and services Factors of production
What refers to natural resources present without human intervention? Land
What is known as a human resources? Labor
What are tangible items that people buy? Goods
What are activities done for others for a fee? Services
What are the manufactured goods used to make other goods and services? Capital
What is the ability to produce greater quantities of goods and services in better and faster ways? Productivity
What is the ability of risk taking individuals to develop new products and start new businesses in order to make profits? Entrepreneurship
What is the advance in knowledge leading to new and improved goods and services and better ways of producing them? Technology
What is sacrificing one good or service to purchase or produced another? Trade off
What's the value of the next best alternative given up for the alternative that was chosen? Opportunity cost
What's the branch of economic theory that deals with behavior and decision making by small units Microeconomics
What the branch of economic theory and dealing with the economy as a whole and decision making as a whole? Macroeconomics
What's the production and distribution of goods and services in a society? Economy
What's an assumption involving two or more variables that must be tested for validity? Hypothesis
What is a graph showing the maximum combination of goods and services that can be produced from a fixed amount of resources in a given period of time? Production curve

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Economic Terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The way a society organizes to produce, distribute, and consume goods and services. Economic System
Tradition determines how a society is organized to produce, distribute, and consume goods/services. Traditional
Individuals make most of the major decisions about production and distribution of goods and services Market
A central authority makes most of the major decisions about production and distribution of goods and services Command
Economic decisions are made by individuals, businesses, and government. Mixed
The worth of a good or service that is determined by the total cost of economic resources that went in to producing and providing a good or service. Value and Price
The amount of a resource, good, or service sellers are willing to sell at possible prices. Supply
How much people want of a good or service at a certain price at a certain time. Demand
People have desires that can be satisfied with goods or services Economic Wants
Human, natural, and capital resources used to produce a good or service. Economic Resources
Wants are unlimited and resources are limited. Scarcity
Goods and services are produced in better quality, quantity, and speed when someones focuses on one particular task. Specialization
People, businesses, and nations depend on others to produce their goods. Interdependence
Any place that allows buyers and sellers to trade goods and services Marketplace
Something that is used to buy and sell goods or services. Currency

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Economic vocab Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Limited quantities of resources to meet unlimited wants. Scarcity
Resources that are used to make ALL goods and services. Productive resources
Food, air, and shelter and attention we desire. Wants & needs
The most desirable alternative given up as the result of a decision. Opportunity cost
An alternative we sacrifice when we make a decision. Trade-off
Natural resources that are used to make goods Land
The effort that a person devotes to a task for which that person is paid. Labor
Any human-made resource that is used to produce other goods and services. Capital
The process of designing, launching, and running a new business. Entrepreneurship
use an economy's resources. Possibilities curve
choices decision making
Satisfaction or utility that a person receives from consuming an additional unit of a good or service. Marginal benefit
The cost of producing one more unit of a good. Marginal costs
The concentration of the productive efforts of individuals and firms on a limited number of activities. Specialize
elimination of government power in a particular industry, usually enacted to create more competition within the industry. Deregulation
the state or quality of producing something, especially crops. Productivity
Situation in which allocation of goods and service is not efficient Market failure
theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned. Property rights
service that is provided without profit to all members of a society, either by the government or a private individual or organization Public goods
product that must be purchased to be consumed, and its consumption by one individual prevents another individual from consuming it. Private goods
Where the government, rather than the free market, determines what goods should be produced Command system
economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism. Mixed system

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Economy vocabulary Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The value of something that is given up by choosing one alternative over another opportunity cost
Doing a trade in which the parties involved anticipate that the benefits will outweigh the cost Voluntary trade
The alternative is someone gives up when making an economic choice Trade off
A situation that exists when there are not enough resources to meet human wants Scarcity
All the human time effort and talent used to produce goods and services Labor
All the resources people may can use to produce and distribute goods and services Capital
The study of how individuals and society satisfy their unlimited wants and limited resources Economics
Of the combination of vision skill ingenuity and willingness to take risks that is needed to create and run a new business Entrepreneurship
All the natural resources on or under the ground that are used to produce goods and services Land
Desires that can't be satisfied by consuming a good or service Wants
A benefit offered to encourage people to act in a certain way Incentives
The benefit gained from using one more unit of a good or service Marginal benefit
Decisions made by one party that have intended and unintended consequences on other parties Interdependency
A person who makes goods or provides services Producer
A person who buys goods or services for personal use Consumer
The amount of output produced from a set amount of inputs Productivity
The additional cost of producing or using one more unit of a good or service Marginal cost
Things such as food water clothing shelter that are necessary for survival Needs

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Economics Chapter 1 and 2 Crossword Puzzle

Type
Crossword
Description

This crossword contains the following questions and answers:

Decisions by an individual about what to do and what not to do Individual Choice
Anything that can be used to produce something else Resource
What you have to give up in order to get what you want Opportunity Cost
When you compare the costs with the benefits of doing something Trade Off
Decisions based on the additional benefit versus the additional cost Marginal Decisions
An economic situation when no individual would be better off doing something different Equilibrium
When everyone gets his or her fair share Equity
If the opportunity cost of producing the good is lower for that individual than for other people Comparative Advantage
When an individual can do an activity better than other people Absolute Advantage
A form of trade when people directly exchange goods or services that they have for goods or services that they want Barter

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Chapter 1 vocabulary Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The study of how individuals and societies make choices about ways to use scarce resources to fulfill their wants Economics
Condition of not being able to have all of the goods and services one wants, because wants exceed what can be made from all available resources at any given time Scarcity
Resources of land, labor, capital, and entrepreneurship used to produce goods and services Factors of production
Natural resources and surface land and water Land
Human effort directed toward producing goods and serices Labor
Tangible objects that can satisfy people's wants or needs Goods
Actions that can satisfy people's wants or needs Services
Previously manufactured goods used to make other goods and services Capital
The amount of output (goods and services) that results from a given level of inputs (land, labor, capital, entrepreneurship) Productivity
Ability of risktaking individuals to develop new products and start new businesses in order to make profits Entrepreneurship
Advance in knowledge leading to new and improved goods and services and better ways of producing them Technology
Sacrificing one God or service to purchase or produce another Trade-off
Value of the next best alternative given up for the alternative that was chosen Opportunity-cost
graph showing the maximum goods/services that can be produced from an amount of resources in a period of time Production curve
The branch of economic theory that deals with behavior and decision making small units such as individuals and firms Microeconomics
The branch of economic theory dealing with the economy as a whole and decision making by large units such as governments Macroeconomics
The production and distribution of goods and services in a society Economy
A theory or simplified representation that helps explain and predict economic behavior in the real world Economic model
An assumption involving 2 or more variables that must be tested for validity Hypothesis

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Chapter 1 Vocabulary Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The condition that results from society not having enough resources to produce all the things people would like to have Scarcity
The study of how people try to satisfy what appears to be seemingly unlimited and competing wants through the careful use of relatively scarce resources Economics
A way of expressing a need -i.e, Need: Food; Want: Pizza Want
Resources required to produce the things we would like to have; land, capital, labor, and entrepreneurs Factors of production
"gifts of nature"; natural resources not created by humans -i.e, deserts, fertile fields, forests, mineral deposits, livestock, sunshine Land
People with all their efforts, abilities, and skills Labor
The ability to produce greater quantities of goods and services in better and faster ways Productivity
Tangible items that people buy, shampoo, ect Goods
Manufactured goods used to make other goods and services Capital
Activities done for others for a fee Services
A measure of the amount of output produced by a given amount of inputs in a specific period of time Productivity
When someone starts a new businesses or improves an old one Entrepreneurship
The use of science to create new products or make old ones better Technology
Echanging one thing for another Trade-off
Value of the next bug alternative that had to be given up to do the action that was chosen Opportunity cost
Max combos of goods and services that can be produced fro, a fixed amount of resources in a given period of time Production curve
Branch of economic theory that deals with behavior and decision making by small units Microeconomics
Branch of economic theory dealing with the economy as a whole and decision making by large units such as governments Macroeconomics
The theories that economists use in their work Economic models
Educated guess or prediction Hypothesis

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Economics Chapter 1 Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

condition that results from not having enough resources to produce all the things we would like to have scarcity
The study of how people try to satisfy seemingly unlimited and competing needs and wants. economics
a basic requirement for survival need
something we would like to have want
tangible economic product good
work performed for someone service
land, labor, capital, and entrepreneurs factors of production
the value of the next best alternative given up opportunity cost
consumer rights were part of the a movement called consumerism
sum of people's skills, abilities,health, and motiviation human capital
learning a task very well specialization
where all of the factors of production are bought and sold factor market
market in which goods and services are bought and sold product market

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fundamentals of economics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

a steady long term increase in real GDP economic growth
the loss of potential gain from other alternatives when one alternative is chosen opportunity cost
goods used to produce more goods capital goods
a person who uses a good or service consumers
another name for a centrally planned govt. comand economy
there is no such thing as a free lunch TINSTAAFL
give up one benefit to gain another trade-off
the rivalry among sellers trying to achieve such goals as increasing profits competition
a general increase in prices across an economy inflation
a risk-taker in search of profits entrepreneur
a income that does not increase even when prices go up fixed income
study of how people satisfy unlimited wants through careful use of realtive scarce resource economics
physical objects that somone produces goods
the power of consumers to decide what gets producded consumer sovereignty
a financial gain profit
economic system that relies on habit traditional economy
any government system that provides monetary assistance to people with an inadequate or no income. social security
gross domestic product GDP
how much it is worth in money value
the accumulation of products that are tangible, scarce, useful, and transferable from one person to another wealth
mental/physical work or production labor
shortage scarcity
an economy in which prices and wages are determined mainly by supply and demand market economy

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US Economics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

A series of economic expansion and contractions. BUSINESSCYCLE
Human made items that are used to produce goods Capital
A socialist or communist economy in which the government controls the goods and distribution of goods COMMANDECONOMY
Based on the one party rule. Communism
A measure of the change in cost of the goods and services most commonly bought by consumers CONSUMERPRICE
A deep and long lasting contradiction; creates unemployment Depression
An official ban on trade or other commercial activity with a certain country Embargo
The private ownership of the means of production, free markets, and the right of individuals to make most economic decisions FreeEnterprise
The market value of all the goods and services produced in a nation within a specific time period. GROSSDOMESTICPRODUCT
The use of government spending to encourage economic activity through increasing the demand for goods KEYNESIANECONOMICS
A policy where the government cannot not interfere in business matters LAISSEZFAIRE
The belief by the of a society that something is proper and has the consent of the governed LEGITIMACY
The amount of money that employers may legally pay their employees MinimumWage
A situation in which any one seller controls production and supply or pricing of a product MONOPOLY
The money owed by a national government NationalDebt
The government owns and controls capital and also sets prices. Socialism
The capital raised by a business through subscription of a piece of a corporation bought by the consumer Stock
Where stocks and bonds are traded StockMarket
A work stoppage by employees in order to gain better benefits Strike
Government policies designed to stimulate the production of goods. SUPPLYSIDEECONOMICS
The number of people who are out of work possibly due to a depression Unemployment
Income paid by the government to people who need the money to live Welfare
The government has no control of natural resources and capital goods Free Market
The level of wealth, comfort and material goods StandardofLiving
The relationship between the output of goods and services and the input of resources PRODUCTIVITY

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Chapter 1 & 2 Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

condition in which human wants are forever greater than the available supply of time, goods, and resources scarcity
the basic categories of inputs used to produce goods and services, often called factors of production, and divided into three categories resources
any natural resource provided by nature that is used to produce goods and services land
the mental and physical capacity of workers to produce goods and services labor
the creative ability of individuals to seek profits by taking risks and combining resources to produce innovative products entrepreneurship
human-made goods used to produce other goods and services capital
study of how society chooses to allocate its scarce resources to the production of goods and services in order to satisfy unlimited wants economics
branch of economics that studies decision making for the economy as a whole macroeconomics
branch of economics that studies descion making by a single individual, household, firm, industry, or level of government microeconomics
a simplified description of reality used to understand and predict the relationship between variables model
a phrase that means while certain variables change, "all things remain unchanged" ceteris paribus
to occur with the other, not necessarily cause it association
to produce or bring about the other, cause it causation
an analysis to statements that are verifiable positive economics
an analysis based on value judgement normative economics
the best alternative sacrificed for a chosen alternative opportunity cost
an examination of effects of additions to or subtractions from a current event marginal analysis
the accumulation of capital investment
the body of knowledge applied to how goods are produced technology
the ability of an economy to produce greater levels of output economic growth

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