econ

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Across
  1. 2. the government answers the three economic questions in this economic system
  2. 4. anything that increases production efficiency
  3. 8. the material well being of people in a society is their ____ of living
  4. 9. the basic problem of economics that exists because there are not enough resources to meet needs
  5. 10. the government owns and distributes the factors of production
Down
  1. 1. your family would answer the three economic questions in this economic system
  2. 2. Opportunity ____ is the value of the next best alternative
  3. 3. the study of how people use limited resources to meet their unlimited wants
  4. 5. the government exists but has no involvement in the economy. Buyers and sellers make decisions
  5. 6. the United States has this type of economy
  6. 7. economic ___ is the attempt to balance the economy so people are treated as fairly as possible