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Economic Crossword ( Vocab topics 1-7)

Across
Topic 3.7 - A ___ exists when quantity supplied exceeds quantity demanded and the actual price of a good is higher than the equilibrium price.
Topic 2.2 - The arena in which households buy the goods and services that firms produce is the _____.
Topic 7.4 - Countries have become more open to foreign trade and investment in a trend called ______.
Topic 4.3 - _____ refers to an agreement among members of an oligopoly to illegally set prices and production levels.
Topic 4.4 - A ___ occurs when a company joins with another company or companies to form a single firm.
Topic 5.1 - A ____ is a business owned and managed by a single individual.
Topic 2.1 - An ___ is the structure of methods and principles a society uses to produce and distribute goods and services.
Topic 1.1 - The fact that limited amounts of goods and services are available to meet unlimited wants is called ____.
Topic 6.1 - ______ is also known as " Legal Tender" and is an order or decree.
Down
Topic 5.3 - A ____ is a formal contract issued by a corporation or other entity that includes the promise to repay borrowed money with interest at fixed intervals.
Topic 1.1 - A ____ occurs when consumers want more of a good or service than producers are willing to make available at a particular price.
Topic 4.2 - A ___ gives a company exclusive rights to sell a new good or service for a specific period of time.
Topic 6.1 - _____ consists of objects that have value in and themselves and that are also used as money.
Topic 2.4 - A ___ is an economic system that has some market-based elements and some government involvement.
Topic 4.1 - ___ also known as perfect competition is the simplest market structure.
Topic 2.1 - ____ _____ are the income people receive in return for supplying factors of production.....
Topic 4.2 - A _____ forms when a barrier prevents firms from entering a market that has a single supplier.
Topic 5.3 - When corporations determine their profits , they often choose to pay a share of those profits to stockholders in payment called ____.
Topic 7.3 - The proportion of disposable income that is saved is called the ____ ____.
Topic 5.5 - The movement of some of a company's operations, or resources of production, to another country known as ______.