Econ 203 Introduction
Across
- 3. name of SI leader
- 4. when people's wants are greater than what they have
- 6. provide land,labor,and capital to the market for the factors of production
- 7. level of production that cannot be achieved given current level of technology and available resources
- 10. how people manage their resources
- 11. form of economics that focuses on the national and international scales
Down
- 1. simplifications of complex problems
- 2. cost associated with the value you have to give up in order to get something
- 5. point where given available resources and technology it is possible to produce more output
- 8. form of economics that focuses on the individual and firms
- 9. receives labor from the market for goods and services