Description

method to get a need/want (medium of exchange, unit of account, store of value)
Economy based on trade, grow their own food, do things as they have in the past. Example: Africa, Australian Outback.
the way the government can influence the economy by using taxes & spending ex: raise taxes to slow the economy or lower taxes to grow the economy *increase spending to grow the economy & decrease spending to slow the economy
We have limited resources but unlimited wants ex: land, water, time
human made object ex: machines
human knowledge & experience/skill ex: writing, reading, typing
wanting more of a good than producers are willing to make or can make so there is a short supply ex: gas
the best alternative you miss out on when you make choice (ex: if you work you miss out on friends)
get something but have to give up something (ex: I'll have pizza but no pasta unless you are at Pizza hut LOLZ)
The government makes all the decisions. Example: North Korea, how many shoes are you going to make!
To desire something and be able to pay for it.
Individuals have freedom to start businesses and people can make choices BUT government is involved for safety, regulations, law and defense. Example: US Economy
Item that replaces another item: ex: Butter for Margarine
Two good that are bought and sold together: ex:toothpaste/tooth brush
responsibility (financially)
insurance, retirement, paid vacation
sending jobs overseas because we can get goods cheaper ex: shirt made in china is cheaper but less skilled jobs in U.S. which means Americans need more education/training to get jobs
people getting paid less based on gender/race/age ex: wage gap for women
A place where you can open a checking, savings account or get a loan, or get a credit/debit card
the extra money you pay when you take out a loan (the lower the better)

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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.

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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.

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