Economics Crossword

surplus, deficits, balanced
goods solds from another country to the U.S.
goods sold to another country
when income is less than spending in any one budget
accumulation of all past deficit budgets
pay for services, redistribute income, aid certain regions, improve nation’s economy
income, sales, property, excise
The income of the government. It uses this money to pay for services
federal government’s use of taxation and spending policies to affect overall business activity
government controls what goods are produced, how they are produced and what they cost, individuals have little economic power
business people decide what to produce based on what they believe consumers will buy
the rise of prices of products over a period of time
economic rule which states that the quantity demanded and price move in opposite directions
the quantity goods producers are willing to sell various prices
value of the next best alternative given up for the alternative that was chosen
State in which people do not and cannot have enough income, time, or other resources to satisfy their every desire
study of why people make one choice rather than another when buying, selling, spending, and saving
Things people buy
Activities done for others for a fee
The quantity of a good
People willing to sell at various prices
People willing to buy at various prices
People produce most of what they need to survive by hunting, gathering, farming, and herding
INDIVIDUALS MAKE SOME ECONOMIC DECISIONS AND THE GOVERNMENT MAKES OTHERS
Government uses a budget to plan how it wants to spend its money
Income is greater than spending
Income is equal to spending
Policy that involves changing the rate of growth of the supply of money
borrowing causes higher interest rates, it causes rising prices and inflation
a bond or other type of debt obligation that is issued by a government