ECON 101 Crossword

The study of how people allocate their limited resources to satisfy their nearly unlimited wants
The study of the individual units that comprise the economy
The study of economy-wide issues
Brings buyers and sellers together to exchange goods and services
The breaking up of a job into tasks to be assigned to individuals
The voluntary exchange of goods and services between 2 or more parties
Exports exceed imports
Imports exceed exports
Supplies goods and services
Wants to purchase goods supplied by firms
Sum of all individual quantities demanded by each buyer in the marker at each price
Sum of all individual quantities supplied at each price
Resource used in the production process
The amount that is produce
The measure of the responsiveness of buyers and sellers to changes in price or income
Difference between the willingness to pay for a good and the price paid to obtain
Difference between the willingness to sell a good and the price the seller receives
Legally established maximum price for a good or service
Legally established minimum price for a good or service
Workers and their skills
Man-made resources needed to create the final products
The amount a firm receives from sale of goods and services
The amount a firm spends in order to produce goods and services
Market with many buyers and sellers that each has only a small impact on the market price and output
Single seller who produces a unique good
Market with free entry, many different firms, and product differentiation
Market with significant entry barriers, a small number of firms, and sometimes differentiated products
Growth in the overall level of prices in an economy
Condition occurring when overall prices fall
An extremely high rate of inflation that completely stymies economic activity