Economics- Refresher

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Across
  1. 5. Possibilities Curve is a graph showing the maximum combinations of two goods or services that can be produced with available resources and technology.
  2. 6. Producing the maximum output with the given inputs.
  3. 9. The value of the next best alternative given up when making a choice.
Down
  1. 1. The desire and ability to purchase a good or service.
  2. 2. The act of giving up one thing to gain another.
  3. 3. The study of how societies allocate scarce resources to satisfy unlimited wants.
  4. 4. The limited availability of resources compared to unlimited wants and needs.
  5. 7. The amount of a specific good or service available in the market.
  6. 8. entrepreneur Someone who starts or owns a business.