Economics
Across
- 2. if it can't produce on is frontier and will fail to reach is full production potential.
- 6. a cost or benefit that motivates a decision or action.
- 7. the cost of he next best alternative among a person's choices.
- 12. the accumulation of goods that are tangible, useful, and transferable to another person.
- 14. risk-takers who combine land, labor, and capital into new products.
- 15. what people need to survive.
- 16. workers who apply their effort, abilities, and skills to production.
- 17. the alternative choices people face in making an economic decision.
Down
- 1. work performed for someone that is intangible.
- 3. means by which something is produced which includes: money, tools, equipment, machinery, and factories.
- 4. items that are economically useful or satisfy an economic want.
- 5. the four factors of production.
- 8. a good's or service's ability to provide satisfaction.
- 9. the condition where unlimited human wants face limited resources.
- 10. what people want; isn't necessary for survival.
- 11. worth expressed in dollars and cents.
- 13. a limited resource including minerals, vegetation, animal life, and climate.