Economics Chapter 1

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Across
  1. 2. Condition caused by unlimited wants and limited resources
  2. 4. Any point beyond the PPF
  3. 7. Risk taker
  4. 10. Land, labor, capital
  5. 12. Natural resource not created by human effort
Down
  1. 1. Social science that studies human efforts to satisfy wants
  2. 3. These points are attainable, but they are not using the resources at the fullest.
  3. 5. Work performed for someone
  4. 6. Basic requirement for survival
  5. 8. one that lies on the production possibilities curve
  6. 9. People with efforts, abilities, and skills
  7. 11. showing all the possible options of output for two goods that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.