Economics Crossword Puzzle 2

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Across
  1. 2. a tax on imported goods
  2. 4. intangible and produced by labor and for which people expect to pay
  3. 6. economics has sometimes been referred to as this
  4. 11. what the world cannot give but Christ can (John 14:27)
  5. 12. as one's supply of a good increases, the satisfaction derived from each additional unit tends to decrease
  6. 16. the study of specific components within an economy
  7. 19. the part of the business cycle where a receding economy reaches its lowest point
  8. 20. Menger said it could be worth more than diamonds
Down
  1. 1. the study of national and global economics and how these major economies are affected by large-scale choices and public policies
  2. 3. good or service that has a price tag of zero
  3. 5. the idea that everyone has unlimited wants
  4. 7. the condition in which there are not enough goods to satisfy all wants
  5. 8. a good whose demand decreases as consumer's incomes increase
  6. 9. the value of the best alternative that is foregone when a different alternative is taken
  7. 10. the value of all the things people own
  8. 13. a good capable of being used in place of another good
  9. 14. founder of the Austrian school of economics
  10. 15. a king in the book of Ecclesiastes who contemplated the idea of insatiability
  11. 17. tools or resources used to produce or distribute goods
  12. 18. economics is a science of this