ch 1-1 vocab quiz

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Across
  1. 3. covering many or all areas
  2. 5. usefulness as an item
  3. 8. tools or goods that can be used in or by businesses to produce more products
  4. 11. an item that does not last for 3 or more years
  5. 13. something that we would like to have but is not necessary for survival
  6. 14. basic survival requirement
  7. 16. gradual collection of goods
  8. 17. the condition that results from society not having enough resources to produce all the things people would like to have
  9. 18. apparent contradiction between value of expensive non essential items and low value necessities
Down
  1. 1. work for someone by someone else
  2. 2. items made for the individual person
  3. 4. an item that lasts for 3 or more years
  4. 6. not physical/ cannot be touched
  5. 7. measured worth of an item
  6. 9. able to be passed from one person to another
  7. 10. any useful item
  8. 12. monetary value of all final goods, services, and structures produced within a country’s national borders during a one-year period
  9. 13. sum of tangible economic goods that are scarce, useful, and transferable from one person to another; excludes services
  10. 15. the study of how people try to satisfy seemingly unlimited and competing needs and wants through the careful use of relatively scarce resources.