Economics Vocab

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Across
  1. 3. comparing the marginal benefit to the marginal cost
  2. 6. outputs such as books and cars
  3. 7. economists look at the small picture
  4. 10. works that produce goods or services
  5. 11. entertainment, fun, phone
  6. 12. outputs like haircuts and repairs
  7. 13. land, water, fish, animals
  8. 16. the best use of your time and money after you decide to do one thing rather than the other
  9. 17. theory that explains human economic behavior
  10. 18. someone who creates their own business
  11. 19. food, water, shelter
Down
  1. 1. the additional cost of producing extra output
  2. 2. economists look at the big picture
  3. 4. deciding to do one thing or another
  4. 5. used to make goods
  5. 8. goods used to make other goods
  6. 9. resources necessary to produce goods and services
  7. 14. not enough resources
  8. 15. the additional satisfaction after producing additional output