Intro to Economics
Across
- 4. Money, time, or resource a person gives up to make his final choice
- 7. The condition where unlimited human wants face limited resources
- 9. What motivates you to make you want to do something
- 10. A limited resource including minerals, vegetation, animal life, and climate
- 12. A chart that shows a combination of goods and/or services that can be produced when all productive resources are used
Down
- 1. Desired for satisfaction
- 2. Land, capital, labor, and entrepreneurs
- 3. means by which something is produced and includes money, tools, equipment, machinery, and factories
- 5. Required for survival
- 6. Workers who apply their effor, abilities, and skills to production
- 8. The alternative choices people face in making economic decisions
- 11. Risk takers who combine land, labor, and capital into new products