Economics Crossword

things that people buy
activities done for other for a fee
machines, tools, buildings
state in which people do not and cannot have enough income, time, or other resources to satisfy their every desire
value of the next best alternative given up for the alternative that was chosen
the quantity of goods producers are willing to sell at various prices
economic rule stating that as the price rises for a good the quantity supplied also rises
quantity of a good consumers are willing to buy at various prices
the economic rule which states that the quantity demanded and price move in opposite direction
the rise of prices of products over a period of time
business people decide what to produce based on what they believe consumers will buy
government control what goods are produced, how they are produced, and what they cost, individuals have little economic power
people produce most of what they need to survive by hunting, Gathering, farming, and herding
individuals make some economic decisions and the government makes othersdid you hear
the income of the government. It uses this money to pay for services; redistribution of wealth
government uses a budget to plan how it wants to spend its money
when income is less than spending and any one budget
accumulation of all past deficit budgets
good sold to another country
good sold from another country to the US
study of why people make one choice rather than another when buying, selling, spending, and saving
someone who creates and supplies goods or services
can you purchase of goods and services for personal use
interest rate the FED charges its banks to borrow money
type of budget where income is greater than spending
type of budget where income is less than spending
type of budget where income is equal to spending
ability of a country to produce a product at a lower opportunity cost than another country
ability of one country using the same quantity of resources of another country to produce a particular product at less cost
Federal government's use of Taxation and spending policies to affect overall business activity