Economics Crossword

things people buy
activities done for others for a fee
provided by nature
people that produce
machines, tools, buildings
state in which people do not have enough income, time, or resources to satisfy their every desire
value of the next best alternative given up for the alternative that was chosen
the amount of goods
Economic rule stating that as the price rises for a good, the quantity supplied rises. As the price falls, the quantity supplied also falls
The quantity of a good consumers are willing to buy at various prices
the rise of prices over a period of time
People produce most of what they need to survive by hunting, gathering, farming, and herding
Business people decide what to produce based on what they believe consumers will buy
Government controls what goods are produced, how they are produced, and what they cost. Individuals have little economic power
Individuals make some economic decisions and the government makes others
income of the government
income, sales, property, excise
Government uses a budget to plan how it wants to spend its money
income>spending
income<spending
income=spending
when income in less than spending in any one budget
Study of why people make one choice rather than another when buying, selling, spending, and saving
accumulation of all past deficit budgets
goods sold to other countries
goods sold from another country to the U.S.