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