Economics

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Across
  1. 2. the value of all the goods and services a country produces.
  2. 4. producing goods or services using the least amount of resources while maximizing output.
  3. 6. the difference between a business's total revenue and the total opportunity costs of all resources used in the production process
  4. 7. the branch of economics focused on the economy of a country or region
  5. 8. the study of how people, businesses, and governments decide to use limited resources to meet their needs and wants
  6. 10. when resources are limited, but wants are unlimited
Down
  1. 1. the extra gain from doing one more of something
  2. 3. an economic system in which individuals and businesses own resources and make decisions
  3. 5. the value of what you give up when you make a choice
  4. 9. determined by supply and demand