Description

In this economy, resources are allocated among households and firms with little or no government interference. (Chapter 3)
A graph of the relationship between the price in the demand schedule and the quantity demanded at those prices. (Chapter 3)
The sum of all the individual quantities demanded by each buyer in the market at each price. (Chapter 3)
The sum of the quantities supplied by each seller in the market at each price. (Chapter 3)
A graph of the relationship between the prices in the supply schedule and the quantity supplied at those prices. (Chapter 3)
A payment made by the government to encourage the consumption of production of a good or service. (Chapter 3)
Occurs at the point where the demand curve and the supply curve intersect. (Chapter 3)
Occurs whenever the quantity supplied is less than the quantity demanded. (Chapter 3)
Occurs whenever the quantity supplied is greater than the quantity demanded. (Chapter 3)
Resources used in the production process. (Chapter 3)
A good that a consumer will buy more of as his or her income goes up. (Chapter 3)
A good that a consumer will buy more of as his or her income falls. (Chapter 3)
Refers to the fairness of the distribution of the benefits within the society. (Chapter 4)
Illegal markets that arise where either illegal goods are sold or legal goods are sold at illegal prices. (Chapter 4)
The difference between the difference between the willingness to pay for a good and the price that is paid to get it. (Chapter 4)
The difference between the willingness to sell a good and the price that the seller receives. (Chapter 4)
Attempts to set prices through government involvement in the market. (Chapter 4)
A legally established maximum price for a good or service. (Chapter 4)
A legally established minimum price for a good or service. (Chapter 4)
The lowest hourly wage rate that firms may legally pay their workers. (Chapter 4)
These laws place a temporary ceiling on the prices that sellers can charge during times of emergency until markets function normally again. (Chapter 4)
The sum of consumer surplus and producer surplus. (Chapter 4)
The maximum price a consumer will pay for a good. (Chapter 4)
The minimum price a seller will accept to sell a good or service. (Chapter 4)

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Chapter 4 and 5

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Chapter 3 MGE302

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ECON 101

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Economic Terms

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running a venture

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ECONOMIC JARGON

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Frequently Asked Questions

What is a crossword?

Crossword puzzles have been published in newspapers and other publications since 1873. They consist of a grid of squares where the player aims to write words both horizontally and vertically.

Next to the crossword will be a series of questions or clues, which relate to the various rows or lines of boxes in the crossword. The player reads the question or clue, and tries to find a word that answers the question in the same amount of letters as there are boxes in the related crossword row or line.

Some of the words will share letters, so will need to match up with each other. The words can vary in length and complexity, as can the clues.

Who is a crossword suitable for?

The fantastic thing about crosswords is, they are completely flexible for whatever age or reading level you need. You can use many words to create a complex crossword for adults, or just a couple of words for younger children.

Crosswords can use any word you like, big or small, so there are literally countless combinations that you can create for templates. It is easy to customise the template to the age or learning level of your students.

How do I create a crossword template?

For the easiest crossword templates, WordMint is the way to go!

Pre-made templates

For a quick and easy pre-made template, simply search through WordMint’s existing 500,000+ templates. With so many to choose from, you’re bound to find the right one for you!

Create your own from scratch

  • Log in to your account (it’s free to join!)
  • Head to ‘My Puzzles’
  • Click ‘Create New Puzzle’ and select ‘Crossword’
  • Select your layout, enter your title and your chosen clues and answers
  • That’s it! The template builder will create your crossword template for you and you can save it to your account, export as a word document or pdf and print!

How do I choose the clues for my crossword?

Once you’ve picked a theme, choose clues that match your students current difficulty level. For younger children, this may be as simple as a question of “What color is the sky?” with an answer of “blue”.

Are crosswords good for students?

Crosswords are a great exercise for students' problem solving and cognitive abilities. Not only do they need to solve a clue and think of the correct answer, but they also have to consider all of the other words in the crossword to make sure the words fit together.

Crosswords are great for building and using vocabulary.

If this is your first time using a crossword with your students, you could create a crossword FAQ template for them to give them the basic instructions.

Can I print my crossword template?

All of our templates can be exported into Microsoft Word to easily print, or you can save your work as a PDF to print for the entire class. Your puzzles get saved into your account for easy access and printing in the future, so you don’t need to worry about saving them at work or at home!

Can I create crosswords in other languages?

Crosswords are a fantastic resource for students learning a foreign language as they test their reading, comprehension and writing all at the same time. When learning a new language, this type of test using multiple different skills is great to solidify students' learning.

We have full support for crossword templates in languages such as Spanish, French and Japanese with diacritics including over 100,000 images, so you can create an entire crossword in your target language including all of the titles, and clues.