econ puzzle thingy
Across
- 4. ____ is a good intended for final use by consumers rather than businesses
- 5. ____ is an assignment of tasks to the workers, factories, regions, or nations that can perform them more efficiently
- 9. ____ is a risk-taking individual in search of profits
- 15. ____ is a good that lasts for at least three years when used regularly
- 18. ____ is an alternative that is available whenever a choice is to be made
- 22. ____ is the cost of the next-best alternative use of money, time, or resources when making a choice
- 23. ____ is a simplified version of a complex concept or behavior expressed in the form of an equation, graph, or illustration
- 24. ____ is a market where goods and services are bought and sold
- 25. ____ is the ability or capacity of a good or service to be useful and give satisfaction to someone
Down
- 1. ____ the measure of the amount of output produced with a given amount of productive factors
- 2. ____ are natural resources or other “gifts of nature” not created by human
- 3. ____ is work or labor performed for someone
- 6. ____ is people with all their efforts, abilities and skills
- 7. ____ are tools, equipment, and factories used in the production of goods and services
- 8. ____ is a basic requirement for survival, including food, clothing, and shelter
- 10. ____ a good that wears out or lasts for fewer than three years when used regularly
- 11. ____ is monetary worth of a good or service as determined by the market
- 12. ____ is a tangible economic product that is useful, relatively scarce, and transferable to others
- 13. ____ the sum of people’s skills, abilities, health, knowledge and motivation
- 14. ____ an increase in a nation’s total output of goods and services over time
- 16. ____ is the basic problem of economics?
- 17. ____ is a market where the factors of production are bought and sold
- 19. ____ is the social science dealing with how people satisfy seemingly unlimited and competing wants with the careful use of scarce resources
- 20. ____ is a meeting place or mechanism that allows buyers and sellers to come together
- 21. ____ is something we would like to have but is not necessary for survival