Economics chapter 1
Across
- 2. not able to be felt by touch
- 4. able to be felt by touch
- 6. branch of economics that deals w human behavior & choices to small parts
- 7. anything that's used to produce goods or services
- 11. explanation of how something works, designed to answer question has no obvious answer
- 12. graphic representation of all possible combinations of 2 goods economy can produce
- 19. additional
- 21. quality of bringing dissatisfaction
- 22. tasks that ppl pay others to perform for them
Down
- 1. something that encourages/ motivates a person to take action
- 3. special talent that ppl have for searching out & taking advantage of new business opp.
- 5. means of deciding who gets what portion of available resources
- 8. all natural resources found in nature
- 9. most valued opp. or alternative given up when a choice is made
- 10. something we desire to have
- 11. situation having more of 1 thing means having less of another
- 13. physical & mental talents ppl corgialtribute to production of goods & services
- 14. science that studies choices of ppl trying to satisfy their wants in world of scarcity
- 15. condition which our wants are greater than resources available to satisfy them
- 16. produced goods that can be used as resources for further production
- 17. quality of bringing satisfaction
- 18. anything that satisfies a person's wants or brings satisfaction
- 20. branch of economics that deals w human behavior & choices to entire economy