Economics Unit 1

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Across
  1. 1. the next best alternative forgone when making economist decision
  2. 2. the maximum combination of two goods or services that can be produced if all resources are being utilized to maximum efficiency in a given time period
  3. 5. the human-made aids to production
  4. 6. the type of mobility that involves moving locations
  5. 8. satisfaction
  6. 9. a good that is not scarce relative to the demand for it so no price is changed for this good
  7. 11. general term used to describe uses of nature in production
  8. 12. the ____________ is when there is unlimited wants and limited resources
Down
  1. 1. the type of mobility that involves having many skills
  2. 3. the government is in which sector
  3. 4. what is it called when demand is greater than supply
  4. 7. a firm is in which sector
  5. 10. the person coordinating the other factors of production involving the taking of a risk
  6. 13. the human resource enabling both physical work and intellectual work