Economics Crossword

Budget that is income>spending
Study of why people make one choice rather than another when buying, selling, spending, and saving
Things that people buy
State in which people do not and cannot have enough income, time, or other resources to satisfy their everyday 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 different prices
-Economic rule stating that as long 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 quantity demanded and price move in opposite directions
-The rise of prices of products 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
-Federal government’s use of taxation and spending policies to affect overall business activity
The income of the government. It uses the money to pay for services
-Gov. Uses a __ to plan how it wants to spend its money
Type of budget that is spending>Income
Income=spending
Accumulation of all past deficit budgets
Goods sold to another country to the U.S
Goods sold from another country to the US
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 PRODUCT AT A LOWER OPPORTUNITY COST THAN ANOTHER COUNTRY
One reason to pay taxes
Reason 2 to pay taxes
Policy that involves changing the rate of growth of the supply of money in circulation to effect the amount of credit
goods provided by nature
Activities done for others for a fee