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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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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Great Depression Crossword Puzzle

Type
Crossword
Description

This crossword contains the following questions and answers:

We adapted a policy of _____________ when we fell into depression. Isolationism
The economic crisis that happened in the US and many other nations beginning with the stock market crash in 1929 and continuing through most of the 1930's. Great Depression
October 29, 1929; the day that the stock market crashed. Black Tuesday
Buying a stock with little money down and the promise of paying the debt later in the future. buying on margin
Banks demanded full payments of their loans; there was no protection in place to protect this from happening at the time. calling the loan
The US fell into _____________ when the idea of loans took a wrong turn. depression
A rapid increase in the overall price level. Hyperinflation
A continuous rise in the price of goods and services. inflation
A payment plan that allows customers to make payments in set intervals until the debt is paid. installment plan
A series of reforms enacted by president Franklin Roosevelt between 1933 and 1942 with a goal to relieve and reform Americans and to end the great depression. New Deal
Roosevelt tried to relieve and __________ for the American people. reform
People went to the banks to withdraw all of their money before the banks closed. runs on the banks
A share of ownership in a corporation. stock
A system to buy and sell stocks. stock market
Exercising control over freedom, will, and thoughts of others; authoritarian. totalitarian
Most Americans struggled with ____________ during the Great Depression. unemployment

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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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Supply and Demand Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The amount of goods available. Supply
When producers offer more of a good as its price increases. law of supply
The amount that a supplier is willing and able to supply at a specific price. Quantity supplied
A cost that rices or falls depending on the quantity produced. Variable cost
A cost that does not change. fixed cost
A tax on the production or sale of a good. Excise tax
The sum of fixed costs plus variable costs. Total cost
The cost of producing one more unit of a good. marginal cost
The total cost divided by the quantity produced. Average cost
The cost of operating a facility such as a factory or a store. Operation cost
The desire to own something and the ability to pay for it. Demand
To buy more of a good when its price is lower. law of demand
when consumers react to an increase in a goods price by consuming less. Substitution effect
The change in consumption that results when a price increases causes real income to decline. income effect
A table that lists the quantity of a good a person will buy at various prices in a market. Demand schedule
A table that lists the quantity of a good all consumers in a market will buy at various prices. market demand
a graphic representation of a demand schedule. demand curve
A good that consumers demand more when their incomes increases. normal good
A good that consumers demand less of what their incomes increase. Inferior good
The statistical characteristics of population and population segments. demographics
A measure of how consumers respond to price change. Elasticity of demand
The total amount of money a company receives by selling goods or services. total revenue

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economics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

an economic system in which individuals are free to compete and earn a living Market
an economic system in which buyers and sellers are free to exchange goods and services free
a desire to make a profit Profit motive
when you put money into a business invest
The exclusive right granted by law, to publish or sell a written, musical, or artistic work copywright
Gives a person the exclusive right to make and sell an invention patent
limited resources scarcity
law that states businesses will provide more products when they can sell them at higher prices law of supply
law that states buyers will demand more products when they can buy them at lower prices law of demand
Money invested in buildings, machines, and other property used to produce goods capital
Businesses owned by one person sole proprietorships
organizations that provide goods and services without seeking a profit nonprofit
Businesses where two or more people share responsibilities partnerships
Corperation profits paid to stockholders dividends
Another form of business organization corporation
people who buy corporate stocks stockholders
money a person pays to use something rent
Total amount of money made after deductions net
total amount of money made before deductions gross
human effort used to produce goods and services labor
The amount of work produced by a worker per hour productivity
The decision makers of a business entrepreneurs
An economic system based on private ownership of the meens of production capitalism
Companies that control all production of a good or service monopolies
this occurs when two or more companies combine to form one company merger
A form of business organization in which several companies create a board of trustees so they no longer compete with eachother trust
An economic system that combines elements of free and command economies mixed
production is based on customs and traditions usually passed down traditional
government owns almost all of the capital, tools, and equipment command

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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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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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Economics Crossword Puzzle

Type
Crossword
Description

This crossword contains the following questions and answers:

the study of how people seek to satisfy their needs and wants by making choices Economics
physical objects such as clothes or shoes Goods
actions or activities that one person performs for another Services
the method used by a society to produce and distribute goods and services Economic system
the income people receive for supplying factors of production, such as land, labor, or capital Factor payments
economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets Market Economy
the study of the behavior and decision making of entire economies Macroeconomics
the study of the economic behavior and decision making of small units, such as individuals, families, and businesses. Microeconomics
government aid to the poor Welfare
the desire to own something and the ability to pay for it Demand
the change in consumption resulting from a change in real income Income Effect
a good that consumers demand less of when their incomes increase Inferior Good
the amount of goods available Supply
tendency of suppliers to offer more of a good at a higher price Law of Supply
a factor that can change Variable
the point at which quantity demanded and quantity supplied are equal Equilibrium
a maximum price that can be legally charged for a good or service Price Ceiling
a minimum price for a good or service Price Floor
a market dominated by a single seller Monopoly
the right to sell a good or service within an exclusive market Franchise
a government-issued right to operate a business License
a business owned and managed by a single individual Sole proprietorship
the legally bound obligation to pay debts Liability
a business organization owned by two or more persons who agree on a specific division of responsibilities and profits Partnership
all nonmilitary people who are employed or unemployed Labor Force
labor that requires specialized skills and training Skilled Labor
labor that requires advanced skills and education Professional Labor
objects that have value in themselves and that are also used as money Commodity Money
objects that have value because the holder can exchange them for something else of value Representative Money
an institution for receiving, keeping, and lending money Bank
a required payment to a local, state, or national government Tax
income received by a government from taxes and nontax sources Revenue
Old-age, survivors, and disability insurance (OASDI) Social Security
the use of government spending and revenue collection to influence the economy Fiscal Policy
fiscal policies, like higher spending and tax cuts, that encourage economic growth Expansionary Policies
fiscal policies, like lower spending and higher taxes, that reduce economic growth Contractionary Policies

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Entrepreneurship Vocab Review Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Person who works for someone else employee
Person who provides a product or service for someone else for money entrepreneur
Process of running a business of one's own entrepreneurship
Things used to create products or services resources
Person who is a customer consumer
Business that makes the products it sells manufacturing
Money made from providing a good or service income
Costs for supplies used in business expenses
Result when income is greater than expenses profit
Amount added to the cost to determine selling price markup
Federal, state, or local government tax charged on goods sales
Creative problem-solving method that involves coming up with a large number of fresh ideas brainstorming
List of things to be discussed or done in a meeting agenda
Amount subtracted for the retail price to determine the selling price markdown
Making choices and satisfying the wants and needs of consumers economics
Occurs because people's wants and needs are unlimited while the resources needed to produce goods and services are limited scarcity
How much of a good or service a producer is willing and able to produce at different prices supply
Costs that must be paid no meter how much of a good or service is produced fixed
An individual's need or desire for a product or service at a given price demand
Value of the next best alternative opportunity cost
Costs that go up and down depending not he quantity of the good or serve produced variable
Products and services that are brought in from another country to be sold exports
Expenses that a business has every month operating
Financial statements based on estimates pro forma
Item of value owned by a business assets
One-time only expenses that are paid to open a business start up costs
Amount of sales that must be made to cover all of the costs of a business breakeven point

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Unit 6 Vocabulary Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The total value of goods produced and services provided in a country during one year. GDP
An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. Market Economy
A form of government run by a small number of people such as wealthy landowners, royalty or powerful military figures. Oligarchy
Economic system in which traditions, customs, and beliefs help shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Traditional Economy
Power is vested in the people, who rule either directly or through freely elected representatives. Democracy
A system that divides up power between a strong national government and smaller local governments Federal
An economic system combining private and public enterprise Mixed Economy
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. Entreprenuer
Democratic form of government in which the party with the greatest representation in the parliament forms the government, its leader becoming prime minister or chancellor. Parlimentary Democracy
An economy in which production, investment, prices, and incomes are determined centrally by a government. Command Economy
Goods that are used in producing other goods, rather than being bought by consumers. Capital Goods
The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. Human Capital
A system of government where a head of government is also head of state and leads an executive branch that is separate from the legislative branch. Presidental Democracy
Government has power over everything. Unitary
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain. Natural Resources
A group of states that are joined together by a central government that has limited powers of authority Confederate
a system of government by one person with absolute power. Autocracy

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