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Chapter 19 The American Economy

Dr. Reimer

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Across
7.resources necessary to produce goods and services (3 Words)
9.money that is left after all taxes have been paid (2 Words)
10.setting aside a portion of your income so you can use it later
11.the freedom to own, use, or dispose of our property as we see ft (3 Words)
12.respecting the rights of producers and sellers (2 Words)
13.money left after paying for necessities (2 Words)
15.the quality of life based on possession of necessities and luxuries that make life easier (3 Words)
16.The Idea that the consumer is king (2 Words)
19.promise made by a manufacturer or seller to repair or replace a product
20.markets where producers offer goods and services for sale (2 Words)
21.the measure of output of a given number of inputs in a specific period of time
23.the markets where productive resources are bought and sold (2 Words)
24.economic system where individuals own the factors of production
25.individuals who start new businesses, introduce new products, or improve management techniques
26.The struggle that goes on between buyers and sellers
27.movement to educate buyers about the purchases they make
Down
1.the way we rely on others to provide the goods and services that we consume (2 Words)
2.payment received for loaning or allowing someone to use your money
3.the total value, in dollars, of the final goods and services produced in a country in a single year (3 Words)
4.act of buying and selling in market transactions (2 Words)
5.another term used to describe the American Economy (2 Words)
6.tools, machinery, and buildings used to make products
8.all of the gifts of nature that make production possible (2 Words)
10.work that is performed for someone else
14.breaking down a job into smaller separate tasks (3 Words)
15.people, businesses, regions or even countries concentrate on what they can do best
17.driving force that encourages individuals to better their material well being (2 Words)
18.the nation's labor force or human resources
20.the incentive to own and or operate a business
22.tangible products that can be sold

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