Economics

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Across
  1. 2. something that is desired
  2. 5. Resources the natural, human, and capital re- sources used to make goods and services
  3. 7. benefits or costs of an action that influence people's decisions and behavior
  4. 10. Possibilities Frontier a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology
  5. 11. Cost the value of the next-best alternative when a decision is made
  6. 12. the number of workers in the economy, and the effort they put into producing goods and services.
Down
  1. 1. liquid assets
  2. 3. budgeting inevitably involves sacrificing some of X to get more of Y
  3. 4. the demand for a good or service is greater than the availability of the good or service
  4. 6. any natural resource used to produce goods and services
  5. 8. anything a human being needs for their survival
  6. 9. the process of developing, organizing, and running a new business to generate profit while taking on financial risk