Economics Unit 1 Review

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Across
  1. 2. refers to the skills and knowledge needed to produce
  2. 5. the limited nature of society's resources
  3. 7. a point beyond the PPC is considered...
  4. 8. "______ costs"; defined as the most desirable trade-off
  5. 11. a point along the PPC is considered...
  6. 12. desires that can be satisfied by consuming a good or service
Down
  1. 1. a point inside of the PPC is considered...
  2. 3. all human made resources
  3. 4. the study of scarcity and choices
  4. 6. effort in which a person is paid
  5. 9. basic requirements for human survival
  6. 10. refers to natural resources needed to produce