Economics

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Across
  1. 3. are physical objects that someone produces
  2. 6. refers to any human-made resource that is used to produce other goods and services
  3. 7. is the effort people devote to tasks for which they are paid
  4. 8. is the use of resources in such a way as to maximize the output of goods and services
  5. 9. is something that we desire
Down
  1. 1. is something essential for survival
  2. 2. occurs when consumers want more of a good or service than producers are willing to make
  3. 4. the fact that limited amounts of goods and services are available to meet unlimited wants is called
  4. 5. is the act of giving up one benefit in order to gain another
  5. 7. all natural resources used to produce goods and services