Economics

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Across
  1. 3. supplies that enable the people to get what they want
  2. 9. economics that uses scientific approach to explain how the economy works
  3. 12. French economists who favored natural economy as opposed to the idea of mercantilism
  4. 13. deals with the behavior of individuals in the market
  5. 15. let things alone
  6. 16. the value of the next best alternative not chosen
  7. 18. economic system that which aimed to accumulate wealth.
  8. 19. Production Possibilities Frontier
Down
  1. 1. giving up other opportunities that we value
  2. 2. economics that deals with value judgments or what should be in the economy
  3. 4. Greek word that means "management of the household"
  4. 5. a situation in which the amount of resources is sufficient or unavailable to satisfy people's desires
  5. 6. Adam Smith's book is entitled The ____________________
  6. 7. the production of goods by people working at the jobs they do best
  7. 8. study of how individuals make choices that involve the use of scarce resources
  8. 10. a situation in which the quantity supply is less than the quantity demanded
  9. 11. deals with the economy as a whole
  10. 14. the father of economics.
  11. 17. taxes that governments apply only to imported goods