Economics Review

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Across
  1. 4. Unemployment a longer-lasting form of unemployment caused by fundamental shifts in an economy.
  2. 5. Unemployment when people who work in seasonal jobs become unemployed when demand for labor decreases.
  3. 6. Unemployment The result of voluntary employment transitions within an economy
  4. 7. Benefit maximum amount a consumer is willing to pay for an additional good or service
Down
  1. 1. Cost The value of the next-highest-valued alternative use of that resource
  2. 2. of Production The inputs used to produce a good or service in order to produce income.
  3. 3. Cost the change in total production cost that comes from making or producing one additional unit.
  4. 5. The demand for a good or service is greater than the availability of the good or service