Economics review

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Across
  1. 3. money, time, or training already invested
  2. 7. money paid for services
  3. 8. decisions are made by small adjustments
  4. 11. our wants and our ability to pay for goods are the same
  5. 14. level of economic prosperty
  6. 16. a short-term lack of a product
  7. 17. allocating unlimited wants with limited resources
  8. 18. an economy that is unrestricted by government
  9. 19. where supply and demand meet
Down
  1. 1. medium of exchange
  2. 2. skills or knowledge possessed by an individual
  3. 4. a government controls all decisions about commerce
  4. 5. an economy that uses trade, barter and customs
  5. 6. the US uses this economic system
  6. 9. the ratio of input to output
  7. 10. a permanent lack of resource
  8. 12. when a worker specializes on one task
  9. 13. something you give to change behavior
  10. 15. a possession or thing you own