Unit Two Crossword

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AP Economics

Last updated 10:47 PM on 11/15/22
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10 Terms

1
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regulation
Government intervention that affects price, supply, or quantity is called _____.
2
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diminishing
if adding workers increases total output at a decreasing rate, marginal returns are _______.
3
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marginal
The ______ cost is the additional cost of producing one more unit.
4
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curve
A graph of the data points in a supply schedule create a supply _____.
5
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total cost
Variable and fixed expenses make up the ______.
6
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excise tax
Government may discourage the purchase of a good or service by adding a(n) _____.
7
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subsidy
Government can provide support for a market in the form of a(n) _____.
8
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labor
Output change from adding one more worker is the marginal product of _____.
9
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law of demand
The quality of a good produced increases as the price rises, according to the ______.
10
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cost
The amount of money it takes to keep a business open is the operating ____.