Chapter 1: What is Economics

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Across
  1. 1. actions of activities performed for another person
  2. 3. a shift to the right in the PPC
  3. 5. task a person is paid for
  4. 7. natural resources
  5. 8. use land, labor and capital to produce new goods and services
  6. 11. cost (2) best alternative given up
  7. 13. using resources to maximizeproduction
  8. 14. human made resources used to produce goods and services
  9. 15. limited resources to meet unlimited wants and needs
Down
  1. 2. producers will not produce goods at current price
  2. 3. objects sold for profit
  3. 4. (2) worker's knowledge
  4. 6. necessary for survival
  5. 9. how people satistfy their needs and wants by making choices
  6. 10. (2) all alternatives given up
  7. 12. item we desire