Economics Terms Unit 1

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Across
  1. 2. a compromised good that is exchanged for its value
  2. 4. minerals, livestock, agriculture, and climate
  3. 5. work provided for someone
  4. 6. something is produced and that product includes money, equipment, and factories
  5. 8. the worth of a product in money
  6. 9. resources that help and lead production to go in a good direction
  7. 11. required for survival
  8. 14. skills and abilities inputted into production by workers
  9. 15. a chart determinating whether two products can be produced at the same time with the same amount of resources.
  10. 16. Is the amount of distribution of goods that convey to each person.
Down
  1. 1. the good's or service's ability to provide satisfaction
  2. 3. the loss of value and potential gain that certain activity
  3. 5. human wants face limited resources
  4. 7. a cost or benefit that motivates a certain decision made by consumers.
  5. 10. items that are useful economically and to satisfy a want
  6. 12. risk-takers who put their skills into making new products
  7. 13. a desire to fill satisfaction