Chapter 1

12345678910
Across
  1. 2. The study of the economy as a whole is known as what?
  2. 4. The person who starts, organizes and manages a business is called
  3. 5. Because we face scarcity, we must make _______
  4. 7. This is calculated as the change in the value of the variable measured on the y-axis divided by the change the value of the variable measured on the x-axis
  5. 9. Land earns _______
  6. 10. Resource owner who supplies factors of production
Down
  1. 1. This statement reflects the opinions and viewpoints of individuals and businesses when making decisions based on economics.
  2. 3. The place where goods and services are exchanged
  3. 6. This relationship shows the correlation between two variables such that they move in opposite directions.
  4. 8. The work time and work effort that people devote to producing goods and services is_______