Economics

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Across
  1. 4. luxury items that make life more enjoyable
  2. 5. items required to survive
Down
  1. 1. costs Value of the next best alternative given up for the alternative that was chosen.
  2. 2. of production Resources of land, labor, capital, and entrepreneurship use to produce goods and services
  3. 3. choice Choosing the alternative that has the greatest value from among comparable quality products