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Economics Terms Review

Mr. Frattini

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Across
2.The interest rate the Federal Reserve charges to lend money to banks.
5.Type of income tax where the percentage rises with a person's income
7.People refusing to buy/use a certain product or service
10.The funds used to fuel business
12.Shared profits
13.Philosophy founded by Karl Marx and Friedrich Engels
14.Marx's term for the industrial working class
16.How quickly an asset can be turned into cash
17.Anti-Trust Act (1st Word)
19.Federal agency which supervises safety condition in the workplace
20.A type of business owed by stock holders which legally act as a person
21.Oil producting nations formd this trus.
22.Act protecting workers' rights to unionize, barigain with employersm, and to strike
Down
1.Extended slowdown in an economy
3.Philosophy emphasizing govt. control of major businesses and extensive supports of citizens in need.
4.Act limiting when unions may strike
6.Permanent programs the govt. must fund
8.The union term for "strike breakers"
9.Buying and using a product or service
11.Agency which regulates banks, lends money to them, processes people's checks, and hold's government money
15.Author of "The Wealth of Nations," the philosophy behind capitalism
18.Our type of economy, also known as "Capitalism," emphasizing free production and sale of goods.

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