Ch. 2 Exploring Economics.
Across
- 4. concentrating on the production of one good, or a few goods
- 7. Items that we do not desire or want, where less is preferred to more, such as terrorism, smog, or poison oak
- 9. those who combine labor, land, and capital to produce goods and services and assume the risk of running the operation
- 10. output per worker
Down
- 1. Items we value or desire
- 2. when an economy gets the most out of its scarce resources
- 3. The natural resources used in the production of goods and services
- 5. The physical and mental effort used in the production of goods and services
- 6. The equipment and structures used to produce goods and services
- 8. intangible items of value provided to consumers, such as education