Econ Terminology

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Across
  1. 5. All decisions involve what?
  2. 6. The limited nature of society's resources
  3. 7. utility
  4. 8. Increases in the general level of prices
  5. 9. A statement that is meant to talk about the world as it should be
  6. 10. The study of how society manages its scarce resources
Down
  1. 1. Whatever must be given up to obtain same item
  2. 2. When someone/company has a lower opportunity cost than another person/company in a certain product
  3. 3. A statement that is meant to describe the world as it is
  4. 4. When society benefits from its scarce resources