Economics Chapters One and Two Vocab

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Across
  1. 3. A balance achieved between two desirable but incompatible features
  2. 5. Measure of output per unit of input.
  3. 6. Something that motivates a person to act.
  4. 8. The study of how people use resources.
  5. 10. The loss of potential gain from other alternatives when one alternative is chosen.
  6. 11. Subjective and value-based economic judgments.
  7. 13. The limited availability of resources.
  8. 14. Objective and fact-based economic analysis
Down
  1. 1. The process of creating goods and services.
  2. 2. Intangible actions provided for a fee.
  3. 4. The system of production and distribution of goods.
  4. 7. Financial assets or the funds used in production.
  5. 9. Tangible items that satisfy human wants.
  6. 12. The ability to start and run businesses.