Economics Day 1

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Across
  1. 2. Natural resources that are used to make goods and services.
  2. 3. Anything that can be used to create or manufacture valuable goods or services. factors of production.
  3. 5. Having an IDEA taking a RISK and producing something people NEED or WANT.
  4. 10. The possible combinations of two goods that can be produced in a certain period of time under the conditions of a given state of technology and fully employed resources.
  5. 12. Something like air, food, or shelter, that is necessary for survival.
Down
  1. 1. The desire for scarce material and services.
  2. 4. The most desirable alternative given up as the result of a decision.
  3. 6. Any human-made resource that is used to create other goods or services.
  4. 7. A situation in which unlimited wants exceed the limited resources available to fulfill those wants.
  5. 8. The effort that people devote to a task for which they are paid.
  6. 9. An exchange that occurs as a compromise.
  7. 11. Things of value that cause certain behaviors and influence decisions.