Chapter6 ECONOMICS

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Across
  1. 4. private companies and individuals decide what to consume and what to consume.
  2. 6. refers to the loss associated with the best opportunity that is passed up.
  3. 7. is the study of how societies decide what to produce, how to produce it, and how to distribute what they produce.
  4. 8. reveals how many units of a good or service a business needs to sell before it begins earning a profit.
  5. 10. when business activity remains far below normal for years.
  6. 11. refers to the fact that too few resources are available for everyone in the world to consume as much as he or she likes.
Down
  1. 1. when growth falls for two-three month periods in a row.
  2. 2. expansion and contraction by many industries at once.
  3. 3. data that show how the economy is performing.
  4. 5. government planners decide how much can be produced.
  5. 8. the point at which revenue is sufficient to cover all costs.
  6. 9. supply equals demand.