Economics Chap. 1

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Across
  1. 5. Cost The cost of the next best option
  2. 6. Measure of worth in dollars and sense
  3. 8. Work, factor of production
  4. 9. Risk takers who do something new with resources they already have
  5. 12. Choices Trade-offs
  6. 14. A condition where unlimited human wants face limited resources
  7. 16. An accumulation of goods that are tangible, scarce, and transferable
Down
  1. 1. Measure of a country's total output of goods over a twelve month period
  2. 2. Buyers
  3. 3. The ability of an object to give satisfaction and be useful to an individual
  4. 4. Market A place where one can buy things like land, labor, and capital
  5. 7. A way of expressing a need
  6. 10. The study of how people try to satisfy unlimited wants through limited resources
  7. 11. Things we must have in order to survive
  8. 13. Market A place where goods and services are purchased and sold
  9. 15. Gift of nature, factor of production
  10. 17. capital The measure of a population's health, skill, and motivation