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Ch. 1, Section. 3: "What Do Economists

Across
This term refers to the government "hands-off" policy concerning business and consumer affairs.
This is a synonym for an economic model.
These show a visual representation of how consumers and businesses react to changes in the world around them.
These professionals study the ways individuals, businesses and nations use their limited resources.
These are the beliefs or characteristics that a person or group considers important.
This is an assumption involving two or more variables that must be tested for validity.
This political group believes that gov't intervention in the market should be minimal.
Down
This type of economics is subjective & value based.
This Latin term refers to "holding other things constant".
This political group believes that that the federal gov't needs to intervene in the economy.
This type of economics is objective and fact based.
All activities in a nation that together affects the production, distribution and use of goods and services.