Description

A maximum price sellers are allowed to charge for a good
A minimum price buyers are required to pay for a good
When are price ceilings typically imposed
A market or economy is _____ if there are missed opportunities: some people could be made better off without making other people worse off.
A _______ is a market in which goods or services are bought and sold illegally.
______ is the net gain to an individual buyer from the purchase of a good
_____ is often used to refer to both individual and total consumer surplus of all the buyers of a good.
______ is the sum of the individual consumer surpluses of all the buyers of a good.
A _____ of a good increases consumer surplus.
A potential seller's ____ is the lowest price at which he or she is willing to sell a good.
What is the net gain to a seller from selling a good?
What is a legal floor on the wage rate which is the market price of labor?
A price floors generates inefficiency by _____?
A _____ is an upper limit on the quantity of the same good that can be bought or sold.
What is the total amount of the good that can be legally transacted?
A ____ gives its owner the right to supply a good.
The ____ of a given quantity is the price at which consumers will demand that quantity.
The ____ of a given quantity is the price at which producers will supply that quantity.
The ____ method is a technique for calculating the percent change.
Demand is _____ if the price elasticity of demand is greater than 1.
Demand is _____ if the price elasticity of demand is less than one.
Demand is ____ if the price elasticity of demand is exactly one.
The demand for a good is _____ if the income elasticity of demand for that good is greater than 1.
The demand for a good is ____ if the income elasticity of demand for that good is positive but less than 1.

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Chapter 18

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Chapter 4 & 5

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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.