Economics Puzzle
Across
- 2. The way goods and services are produced, bought, and sold
- 3. When there is too much money and it becomes worthless
- 10. To exchange goods or services without the use of money
- 12. actions or activities that one person performs for another
- 13. Goods and services sold to other countries.
- 19. costs the highest-valued alternative that must be forgone when a choice is made
- 20. anything that is used to produce goods or services
- 21. the tools, equipment, machinery, and factories used in the production of goods and services
- 24. the cost of producing one more unit of a good.
- 25. "gifts of nature" or natural resources not created by humans
Down
- 1. goods and services purchased from other countries
- 4. giving up one thing in favor of another
- 5. tangible products that we use to satisfy our wants and needs
- 6. when there is not enough of something to satisfy how much everyone wants of it.
- 7. people who buy goods and services
- 8. of production land, labor, capital, entrepreneurship
- 9. An economic system in which people choose freely what to buy and sell
- 11. decision choice in which you weigh the costs and benefits of each option
- 14. How much is available
- 15. Any item that can be traded for goods or services
- 16. Job done for money
- 17. How much people want
- 18. How much an item costs
- 22. line Production method that breaks down a complex job into a series of smaller tasks
- 23. a person who starts up and takes on the risk of a business