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Economic Terms PBF

Alex Andrews

Word Bank
bank, budget, capital, choice, costs, deposit, economics, incentive, income, labor, land, markets, money, productivity, resources, savings, scarcity, wage, wants, workers

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Across
4.anything accepted as final payment for goods and services
5.the quantity and quality of human effort available to produce goods and services
7.Spending-and-savings plan covering a specific time period
8.Study of how people, firms, and societies choose to allocate scarce resources and alternative uses
12.Decision made or course of action taken when faced with an issue
15.reward or benefit that motivates people to do something
16.Money put into a financial account
18.desires that can be satsifed by consuming or using a good or service
19.when wants exceed the capacity of available resources
20.money set aside for future use
Down
1.payments earned by households for selling or renting their productive resources
2.amount of output produced per unit of input
3.payments for labor services directly tied to time worked
6."gifts of nature" used to produce goods and services
9.places where or by means of which goods or services are exchanged
10.people employed to do work, producing goods and services
11.Resources and goods made and used to produce other goods and services.
13.items used to produce goods and services (natural, human, etc)
14.Amount that must be paid or spent to buy or obtain something.
17.Financial institution that provides checking and saving accounts, loans, and currency exchange

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