Economics and Politics

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Across
  1. 3. The value of what is foregone, or the cost of giving something up to get something else.
  2. 5. perception Individual comfort levels with personal space and physical, which are often dictated in part by cultural standards.
  3. 6. The ability of a country to produce a good at a lower opportunity cost than another country.
  4. 7. Also referred to as the least‐developed or third‐world countries, nations that are at the lowest level
  5. 9. A move away from a resource‐based economy to a manufacturing base.
  6. 11. The attempt to influence business or government decisions toward an organization's desired goals.
  7. 12. the world’s economies.
Down
  1. 1. Recurring periods of increased and decreased economic activity or expansions and contractions.
  2. 2. The ability of one country to use its resources to make a product or service more efficiently
  3. 4. The total goods and services produced in one country in one year.
  4. 8. Major advancements in health care and technology.
  5. 10. other countries.