Abeka Economics Quiz 1

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Across
  1. 1. An intangible item for which people will pay
  2. 3. What word is defined as the study of the choices individuals and societies make in production, distribution, and consumption of goods?
  3. 5. What is the quantity of a good for sale at a certain price under certain conditions?
  4. 9. What riddle did Carl Menger solve?
  5. 10. Something difficult to live without
Down
  1. 2. an item produced to directly satisfy people's wants
  2. 4. good Anything used in the production of a good
  3. 6. Who was the founder of the Austrian school of economics?
  4. 7. What is the mechanism that allows people to exchange goods?
  5. 8. A tangible item for which people will pay