Economics Unit One

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Across
  1. 3. tangible items that are economically useful or satisfy a want
  2. 5. the basic economic problem
  3. 8. the worth of a good or service as determined by the market
  4. 10. the required resources to produce the things that we would like to have
  5. 13. the cost of producing one more unit of a good or service
  6. 16. natural resources required to produce the things that we want
  7. 18. benefits, rewards, or costs that motivate our economic decisions
Down
  1. 1. food, shelter, clothing
  2. 2. a measure of output per unit of input
  3. 4. sacrifices that must be made when we choose one thing over another
  4. 6. cost the value of the next best use of money, time, or resources that we give up when we make a trade-off
  5. 7. people and their skills, efforts, and abilities
  6. 9. the people who start a new business or create a new product
  7. 11. the satisfaction received from consuming a good or service
  8. 12. work that is performed by somebody
  9. 14. the tools, equipment, machinery, and factories that are used to produce goods and services
  10. 15. one more
  11. 17. goods and services that we desire, but aren't necessary for our survival