Economics Crossword

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
Provided by nature
People that produce
Machines, Tools, and 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 good produces willing to sell at various prices
Economic rule stating that as the price rises for a good, the quantity supplied rises
The quantity of a good consumers are willing to buy at various prices
Economic rule which states that the quality demanded and price more in opposite directions
The rise of prices of products over a period 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
Policy that involves changing the rate of growth of the supply of money in circulation to affect the amount of credit
Federal government's use of taxation and spending policies to affect overall business activity
Are the income of the government. It uses this money to pay for services
Type of Taxes
When income is less than spending in any one budget
Accumulation of all past deficit budgets
Goods sold to another country
Goods sold from another country to the U.S.
Ability of one country using the same quantity of resources as another country , to produce a particular product at less cost
Ability of a country to produce a at a lower opportunity cost than another country
Government uses a _______ to plan how it wants to spend its money
Amount(%) of deposits banks are required to keep in their vault
Interest rate the fed charges its banks to borrow money