Basic Economics

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Across
  1. 3. The amount of money paid for an item
  2. 4. What is the most common form of economy in the world today?
  3. 5. rivalry creates __________
  4. 8. The ____ economy has public ownership of all resources
  5. 11. When wants can not be satisfied or something runs out
  6. 13. When supply raises and demand stays the same the price will ___________
  7. 14. an example of a natural resource
  8. 16. people in a command economy have no ____ choice
  9. 17. Change economic behavior (and student behavior!)
  10. 18. Factors of production that are used to produce goods and services
  11. 19. The three basic _____ of economics are: What, For whom, and Who
Down
  1. 1. A worker at a restaurant is known as a _____ resource
  2. 2. consumers are MOST important in what economy?
  3. 6. What is given up when a choice is made
  4. 7. The _____ controls the means of production in a command economy.
  5. 9. The combining of resources to produce goods and services
  6. 10. The free market economy has ______ ownership of all resources
  7. 12. Consumer sovereignty means that consumers
  8. 15. Tools, machinery and money are examples of ______ resources
  9. 16. When supply drops and demand stays the same the price will _______