Type
Crossword
Description

This crossword contains the following questions and answers:

Includes all the natural resources found on or under the ground that are used to produce goods and services. land
The study of how people satisfy their wants. economics
All the human time, effort , and talent that go into the production of goods and services. labour
Benefit or satisfaction gained from using a good or service utility
Desires that can be met by consuming products wants
The value of the best alternative forgone in making any choice opportunity cost
Estimated expenditure on the use of self own factors is known as _______ cost implicit
Total product starts declining, when marginal product is negative
Total value of all the goods and services produced in a country in one year gross domestic product
An economic system in which individuals control the production and distribution of goods and services capitalism
Measures the responsiveness of demand and supply to a change in price elasticity
A process of persistently rising price eroding the purchasing power of money inflation
market where there are only a few suppliers and the actions of one affects the other oligopoly
Ways of limiting trade by tariffs, quotas and embargoes trade barriers
A source of supply, support, or aid, especially one that can be readily drawn upon when needed resources
Too much supply or stock surplus
Goods that individuals and households consume are called consumer goods
Benefits that encourage people to act in certain ways incentives
Decisions on how to make use of scare resources to satisfy unlimited wants choices

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Economic Terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The way a society organizes to produce, distribute, and consume goods and services. Economic System
Tradition determines how a society is organized to produce, distribute, and consume goods/services. Traditional
Individuals make most of the major decisions about production and distribution of goods and services Market
A central authority makes most of the major decisions about production and distribution of goods and services Command
Economic decisions are made by individuals, businesses, and government. Mixed
The worth of a good or service that is determined by the total cost of economic resources that went in to producing and providing a good or service. Value and Price
The amount of a resource, good, or service sellers are willing to sell at possible prices. Supply
How much people want of a good or service at a certain price at a certain time. Demand
People have desires that can be satisfied with goods or services Economic Wants
Human, natural, and capital resources used to produce a good or service. Economic Resources
Wants are unlimited and resources are limited. Scarcity
Goods and services are produced in better quality, quantity, and speed when someones focuses on one particular task. Specialization
People, businesses, and nations depend on others to produce their goods. Interdependence
Any place that allows buyers and sellers to trade goods and services Marketplace
Something that is used to buy and sell goods or services. Currency

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fundamentals of economics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

a steady long term increase in real GDP economic growth
the loss of potential gain from other alternatives when one alternative is chosen opportunity cost
goods used to produce more goods capital goods
a person who uses a good or service consumers
another name for a centrally planned govt. comand economy
there is no such thing as a free lunch TINSTAAFL
give up one benefit to gain another trade-off
the rivalry among sellers trying to achieve such goals as increasing profits competition
a general increase in prices across an economy inflation
a risk-taker in search of profits entrepreneur
a income that does not increase even when prices go up fixed income
study of how people satisfy unlimited wants through careful use of realtive scarce resource economics
physical objects that somone produces goods
the power of consumers to decide what gets producded consumer sovereignty
a financial gain profit
economic system that relies on habit traditional economy
any government system that provides monetary assistance to people with an inadequate or no income. social security
gross domestic product GDP
how much it is worth in money value
the accumulation of products that are tangible, scarce, useful, and transferable from one person to another wealth
mental/physical work or production labor
shortage scarcity
an economy in which prices and wages are determined mainly by supply and demand market economy

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Supply and Demand Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The amount of goods available. Supply
When producers offer more of a good as its price increases. law of supply
The amount that a supplier is willing and able to supply at a specific price. Quantity supplied
A cost that rices or falls depending on the quantity produced. Variable cost
A cost that does not change. fixed cost
A tax on the production or sale of a good. Excise tax
The sum of fixed costs plus variable costs. Total cost
The cost of producing one more unit of a good. marginal cost
The total cost divided by the quantity produced. Average cost
The cost of operating a facility such as a factory or a store. Operation cost
The desire to own something and the ability to pay for it. Demand
To buy more of a good when its price is lower. law of demand
when consumers react to an increase in a goods price by consuming less. Substitution effect
The change in consumption that results when a price increases causes real income to decline. income effect
A table that lists the quantity of a good a person will buy at various prices in a market. Demand schedule
A table that lists the quantity of a good all consumers in a market will buy at various prices. market demand
a graphic representation of a demand schedule. demand curve
A good that consumers demand more when their incomes increases. normal good
A good that consumers demand less of what their incomes increase. Inferior good
The statistical characteristics of population and population segments. demographics
A measure of how consumers respond to price change. Elasticity of demand
The total amount of money a company receives by selling goods or services. total revenue

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Entrepreneurship Vocab Review Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Person who works for someone else employee
Person who provides a product or service for someone else for money entrepreneur
Process of running a business of one's own entrepreneurship
Things used to create products or services resources
Person who is a customer consumer
Business that makes the products it sells manufacturing
Money made from providing a good or service income
Costs for supplies used in business expenses
Result when income is greater than expenses profit
Amount added to the cost to determine selling price markup
Federal, state, or local government tax charged on goods sales
Creative problem-solving method that involves coming up with a large number of fresh ideas brainstorming
List of things to be discussed or done in a meeting agenda
Amount subtracted for the retail price to determine the selling price markdown
Making choices and satisfying the wants and needs of consumers economics
Occurs because people's wants and needs are unlimited while the resources needed to produce goods and services are limited scarcity
How much of a good or service a producer is willing and able to produce at different prices supply
Costs that must be paid no meter how much of a good or service is produced fixed
An individual's need or desire for a product or service at a given price demand
Value of the next best alternative opportunity cost
Costs that go up and down depending not he quantity of the good or serve produced variable
Products and services that are brought in from another country to be sold exports
Expenses that a business has every month operating
Financial statements based on estimates pro forma
Item of value owned by a business assets
One-time only expenses that are paid to open a business start up costs
Amount of sales that must be made to cover all of the costs of a business breakeven point

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Economic vocab Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Limited quantities of resources to meet unlimited wants. Scarcity
Resources that are used to make ALL goods and services. Productive resources
Food, air, and shelter and attention we desire. Wants & needs
The most desirable alternative given up as the result of a decision. Opportunity cost
An alternative we sacrifice when we make a decision. Trade-off
Natural resources that are used to make goods Land
The effort that a person devotes to a task for which that person is paid. Labor
Any human-made resource that is used to produce other goods and services. Capital
The process of designing, launching, and running a new business. Entrepreneurship
use an economy's resources. Possibilities curve
choices decision making
Satisfaction or utility that a person receives from consuming an additional unit of a good or service. Marginal benefit
The cost of producing one more unit of a good. Marginal costs
The concentration of the productive efforts of individuals and firms on a limited number of activities. Specialize
elimination of government power in a particular industry, usually enacted to create more competition within the industry. Deregulation
the state or quality of producing something, especially crops. Productivity
Situation in which allocation of goods and service is not efficient Market failure
theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned. Property rights
service that is provided without profit to all members of a society, either by the government or a private individual or organization Public goods
product that must be purchased to be consumed, and its consumption by one individual prevents another individual from consuming it. Private goods
Where the government, rather than the free market, determines what goods should be produced Command system
economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism. Mixed system

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Economics Chapter 1 and 2 Crossword Puzzle

Type
Crossword
Description

This crossword contains the following questions and answers:

Decisions by an individual about what to do and what not to do Individual Choice
Anything that can be used to produce something else Resource
What you have to give up in order to get what you want Opportunity Cost
When you compare the costs with the benefits of doing something Trade Off
Decisions based on the additional benefit versus the additional cost Marginal Decisions
An economic situation when no individual would be better off doing something different Equilibrium
When everyone gets his or her fair share Equity
If the opportunity cost of producing the good is lower for that individual than for other people Comparative Advantage
When an individual can do an activity better than other people Absolute Advantage
A form of trade when people directly exchange goods or services that they have for goods or services that they want Barter

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Economy vocabulary Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The value of something that is given up by choosing one alternative over another opportunity cost
Doing a trade in which the parties involved anticipate that the benefits will outweigh the cost Voluntary trade
The alternative is someone gives up when making an economic choice Trade off
A situation that exists when there are not enough resources to meet human wants Scarcity
All the human time effort and talent used to produce goods and services Labor
All the resources people may can use to produce and distribute goods and services Capital
The study of how individuals and society satisfy their unlimited wants and limited resources Economics
Of the combination of vision skill ingenuity and willingness to take risks that is needed to create and run a new business Entrepreneurship
All the natural resources on or under the ground that are used to produce goods and services Land
Desires that can't be satisfied by consuming a good or service Wants
A benefit offered to encourage people to act in a certain way Incentives
The benefit gained from using one more unit of a good or service Marginal benefit
Decisions made by one party that have intended and unintended consequences on other parties Interdependency
A person who makes goods or provides services Producer
A person who buys goods or services for personal use Consumer
The amount of output produced from a set amount of inputs Productivity
The additional cost of producing or using one more unit of a good or service Marginal cost
Things such as food water clothing shelter that are necessary for survival Needs

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Economics Chapter 1 Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

condition that results from not having enough resources to produce all the things we would like to have scarcity
The study of how people try to satisfy seemingly unlimited and competing needs and wants. economics
a basic requirement for survival need
something we would like to have want
tangible economic product good
work performed for someone service
land, labor, capital, and entrepreneurs factors of production
the value of the next best alternative given up opportunity cost
consumer rights were part of the a movement called consumerism
sum of people's skills, abilities,health, and motiviation human capital
learning a task very well specialization
where all of the factors of production are bought and sold factor market
market in which goods and services are bought and sold product market

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Economics Word Search

Type
Word Search
Description

This word search contains the following answers:

money
barter
trade
hiring
revenue
resource
scarcity
produce
cost
demand
supply
wants
needs
choice
consumers
producers
services
goods

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Microeconomics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

A diagram used to represent the monetary transactions in an economy. Circular Flow Diagram
The market place in which final goods or services are offered for purchase by consumers, businesses and public sector. Product market
A type of business entity that's owned and run by one person. Sole proprietorship
A type of business owned or run by two owners. Partnership
A financial gain. Profit
A company or group of people authorized to act as single entity. Corporation
A state of limited competition, in which a market is shared by a small number of producers. Oligopoly
Only one market gives services Monopoly
A type of market that sells similar products. Monopolistic Competition
The part of economics concerned with single factors and the effects of individual decisions. Microeconomics
A market where a business can go and purchase resources to produce goods and services Resource Market
Buyers will exchange with sellers when they want to purchase goods or services from sellers. Medium of exchange
All else equal, an increase n price results in an increase in quantity supplied Law of Supply
All other factors being equal, as the price of a good or service increase Law of Demand
Price of good or service of which quantity supplied is equal to quantity demand Market clearing price
A measure used in economics to show the responsiveness of the quantity demanded of a good or service to change in its price Price elasticity of demand
A measure used in economics to show the responsiveness or elasticity of the quantity supplied of a good or service to a change in price. Price elasticity of Supply
A market that has a broad range of cometitors who are selling identical products Pure Competition
Something that motivates or encourages someone to do something Incentive
An excess of production Surplus

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