Chapter 2 Economics

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Across
  1. 2. turn factors of production into products
  2. 10. economic decisions are made by a central authority
  3. 11. government has a hands off role in the economy
  4. 14. 3words basic economic question
  5. 15. 2words people below this line may receive government aid
  6. 16. 2words government ability to take private property for public use
  7. 17. consumers have an ______ to seek out the best quality at the lowest price
  8. 19. 3words basic economic question
Down
  1. 1. economic decisions are made based on how they were taught
  2. 2. 2words idea that producers are free to enter the marketplace
  3. 3. 2words free market does not always distribute resources effectively
  4. 4. 2words reason why people enter business
  5. 5. economic decisions in the united states economy are based on the ____
  6. 6. provide the firms with factors of production
  7. 7. bring buyers and sellers together
  8. 8. total value of all goods and services produced
  9. 9. 2words goods and services available to everyone
  10. 12. using new technology to increase productivity
  11. 13. struggle between buyers and sellers
  12. 18. 2words basic economic question ___ ____ to produce