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Unit 5: Market Economy & You

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Across
1.peanut butter and jelly are an example of this
4.manufactured goods
6.the study of how we make decisions in a world where resources are limited
9.one of 3 basic questions producers ask (3 Words)
11.price and quantity move in the same direction (3 Words)
12.tool of labor unions
13.rubber is an example of this (2 Words)
18.Ebay and Craigslist are an example of this (2 Words)
20.items we would like to have
23.economic division that looks at the economy as a whole
24.economic system w/ minimum gov't interference (2 Words)
25.extra cost of producing one additional unit of output (2 Words)
26.business owned by 2 or more people
27.a factor or determinant of supply
Down
2.the point at which supply and demand meet
3.a factor or determinant of demand
5.when price and quantity move in opposite directions (3 Words)
7.ownership in a corporation
8.total value of all final goods and services (3 Words)
10.takes into account all possible expenses and inconveniences when making a decision (2 Words)
14.in a capitalistic market consumers have this option or choice (2 Words)
15.reduction in the price of Christmas lights will result in an increased demand (2 Words)
16.the alternative you face if you decide to do one thing rather than another (2 Words)
17.the fundamental economic problem nations face
19.people who provide labor, skills, and knowledge to produce goods or services (2 Words)
21.the struggle between sellers
22.Henry Ford is an example of this
24.clothes hamper is an example of this (2 Words)

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