Economics recap

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Across
  1. 2. Employees belong to this sector of the circular flow model.
  2. 4. Goods and services bought from other countries.
  3. 5. Total market value of all goods and services produced in a country.
  4. 6. Something that is endless or immeasurable in extent, number, or duration.
  5. 7. Goods and services sold to other countries.
  6. 10. When our wants outweigh the resources we have available.
  7. 12. advantage The ability to produce goods at a lower opportunity cost than others.
  8. 13. The number of sectors in the circular flow model.
Down
  1. 1. Resources that are limited in supply and can run out.
  2. 3. Goods and services sold to other countries.
  3. 8. cost The value of the opportunity that is lost.
  4. 9. The study of people and their choices.
  5. 11. Education is an example of this type of export.