Economics Unit 1

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Across
  1. 4. any human made resource that is used to create other goods and services
  2. 5. the study of how people choose to use scarce resources to satisfy their unlimited wants
  3. 6. a factor of production, human effort used to produce a good or service
  4. 7. the study of the behavior of individual players in the economy (small)
  5. 10. the practice of examining the cost and the expected benefit of a choice
  6. 13. the cost of using one more unit of a good or service
  7. 14. benefits offered to encourage people to act in a certain way
Down
  1. 1. a person who uses the factors of production to produce a good or service
  2. 2. the situation that exists when there are not enough resources to meet human needs
  3. 3. the benefit or satisfaction received from using one more unit of a good or service
  4. 8. a person who buys goods and services for person use
  5. 9. the study of the behavior of the economy as a whole (large)
  6. 11. the next best alternative given up
  7. 12. all of the natural resources that are used to produce goods and services