Economics Crossword

7. / using resources in ways to maximize production of goods and services.
8. / Additional Satisfaction from using one or more unit of a product.
9. / An item that is desired but not essential to survival.
10. / The effort people devote to task for which they are paid.
11. / additional cost of using one more unit of a product.
14. / Graph used by economists to show impact of scarcity on an economy.
18. / Maker of goods or a provider of services.
21. / Studies economic behavior.
23. / a situation in which a good or service is unavailable.
24. / the study of the economy as a whole.
26. / Physical objects such as clothes or shoes.
27. / all of the resources made and used by people to produce goods and services.
28. / land, labor, and capital, used to make all goods and services.
29. / alternative people give up when they make choices.
30. / Simplified representation of economic forces.
31. / the study of how people seek to satisfy their needs and wants by making choices.

1. / Value of something that is given up to obtain something that is wanted.
2. / Involves vision, skills, and risk-taking needed to create and run business.
3. / person who buys or uses goods or services.
4. / using fewer resources than an economy is capable of using.
5. / Methods used to encourage people to take certain actions.
6. / natural resources that are used to make goods and services.
12. / Information in numerical form.
13. / the study of individuals, families, and businesses to see goods or services.
15. / something necessary for survival.
16. / actions or activities that one person performs for another.
17. / Once all the factors of production are at maximum output and efficiency, producing will cost more than average.
19. / involves judgement of what economic behavior ought to be.
20. / limited quantities of resources meets unlimited wants.
22. / Making decisions according to the best combination of costs and benefits.
25. / Benefit received from using a good or service.