Economics Chapter 1

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Across
  1. 2. occurs when a nation's total output of goods and services increases over time
  2. 4. work that is preformed for someone
  3. 7. the process of creating goods and services
  4. 10. money used to buy tools and equipment
  5. 12. resources required to produce the things we would like to have
  6. 14. tools, equipment, machinery, and factories used in production
  7. 16. cost of the next best alternative use of money, time, or resources
Down
  1. 1. measure of the amount of output produced by a given about of inputs
  2. 3. When society doesn't have enough resources to satisfy wants and needs
  3. 5. The study of how people satisfy their wants
  4. 6. intended for final use by individuals
  5. 8. worth that can be expressed in dollars and cents
  6. 9. people with all their efforts, abilities, and skills
  7. 11. natural resources not created by humans
  8. 13. when goods are used to produce other goods
  9. 15. alternative choices