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

    Customize    

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

    Customize    

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

    Customize    

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

    Customize    

Economic Unit 1 Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

when something is both desirable and limited scarcity
Studies the behavior of individuals within economy microeconomics
Decides what is brought and sold based on what is trending Consumer
A certain amount of product out of a given input output
When an individual/ country can produce at a lower opportunity cost than another comparative advantage
A certain amount of input to get a given product input
When an individual/ country can produce more than another using the same amount of resources absolute advantage
least costly production techniques are used to produce wanted goods and services productive efficiency
Illustrates the possible combinations of goods and services that can be produced by a single nation, firms, etc. ppf
The evaluation of an economy to determine if the system is meeting most if not all of our needs economic performance
Made so that the marginal benefit is greater than the marginal cost Rational decision
When firms buy productive resources from household resource markets
Moving from a command economy to a free/ mixed economy tradition
Both command and market; governments makes decision mixed economy
Individual producers and consumers determine what and how things are made market

    Customize    

Economics chapter 1 Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

something you can’t live without Need
a desire to have something Want
anything that you buy Goods
situation where you can’t get enough goods or service Shortage
someone that works to create goods and services Entrepreneur
the shortage of supplies Scarcity
working for pay Labor
a machine that does work for you Physical Capital
skilled workers gained through education and hard work Human Capital
helping someone to do work Services
wealth in the form of money or other assets owned by people Capital
natural resources to produce goods Land
inputs that are used in the production of goods and services Factor of production
the decision of if you should do something Thinking at the margin
a saying that means two similar choices Guns or Butter
the extra cost of adding one unit Marginal cost
after deciding one is given up Opportunity cost
the extra benefit of adding one unit Marginal benefit
giving up a benefit for something ever better Trade off
deciding on if what you do causes sacrifice and gain Cost/benefit analysis
resources used to maximize the output of goods and services Efficiency
once all factors of production are at maximum output and efficiency, producing more than average Law of increasing cost
economy’s productive resources shown on a graph Production possibilities curve
fewer resources than capable Underutilization
a line on a production that shows the maximum possible output an economy can produce (Production is the first part of the voc but is not in the cross puzzles) Possibilities frontier
The study of how people make decisions on their wants and needs Economices

    Customize    

Economic Terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

the basic problem of economics that makes us make choices scarcity
the most desirable sacrifice when you make a choice opportunity cost
how useful something is utility
"all other things remaining constant" ceterisparibus
land, labor, capital and entrepreneurship factorsofproduction
production possibilities curve frontier
the "unseen" force which helps people make business decisions invisiblehand
Adam Smith's most well known book thewealthofnations
the type of economy that is typically run by dictators and makes minimal wealth command
the kind of economy that is usually centered around an agricultural community traditional
teh ability to use the factorss or production more efficiently than another nation absoluteadvantage
answers, "which nation has the lower opportunity cost for producing a certain product?" comparative advantage
a system where goods or services are directly exchanged for other goods or services barter
this kind of demand has a gentle slope elastic
this kind of demand has a steep slope inelastic
this always shifts the supply curve to the right technology
a cost that shfts the supply curve to the left taxes
a financial benefit usually given by the government that shifts the supply curve to the right subsidies
this type of demand has a perfectly vertical curve perfectlyinelsatic
this type of demand has a perfectly horizontal curve perfectlyelastic
good thats quantity demanded decreases when consumer income rises inferiorgood
a good thats quantity demanded increases when consumer income rises normalgood
excess or overgae surplus
not enough of something shortage
FC/Q= AFC

    Customize    

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

    Customize    

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

    Customize    

Economics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

have a desire to possess or do (something); wish for. wants
cannot avoid or help doing something. needs
the state of being scarce or in short supply; shortage. scarcity
the branch of knowledge concerned with the production, consumption, and transfer of wealth. economics
benefit or advantage to someone or something. goods
the action of helping or doing work for someone. services
a person who purchases goods and services for personal use. consumer
a person, company, or country that makes, grows, or supplies goods or commodities for sale. producer
land, labor, capital and entrepreneurship. factores of production
the part of the earth's surface that is not covered by water, as opposed to the sea or the air. land
work, especially hard physical work. labor
the most important city or town of a country or region, usually its seat of government and administrative center. capital
development of a business from the ground up — coming up with an idea and turning it into a profitable business. entrepreneurship
a thing that motivates or encourages one to do something. incentives
the state of being useful, profitable, or beneficial. utility
spend less; reduce one's expenses. economize
a balance achieved between two desirable but incompatible features; a compromise. trade off
the loss of potential gain from other alternatives when one alternative is chosen. oppertunity cost
profits to be derived from a business opportunity or proposal. cost benifit analysis
is the additional satisfaction or utility that a person receives from consuming an additional unit of a good or service. marginal benefit
the cost added by producing one extra item of a product. marginal cost

    Customize    

basic economic terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

short supply scarcity
the loss of potential gain from other alternatives when one alternative is chosen opportunity cost
a compromise trade-offs
natural resources land
refers to financial wealth, especially that used to start or maintain a business capital
the willingness to take a financial risk entrepeneurship
the distribution of a limited quantity resources over various time periods allocate
a curve depicting all maximum output possibilities for two goods ppc
logical decisions rational decision making
describes utility you get for adding one more of something marginal cost
describes the utility you get for adding one more of something marginal benefit
giving someone only one one or two tasks to focus rather than several division of labor
focusing on what you or other factors of production do best specialization
the freedom to enter into a transaction in the market voluntary exchange

    Customize