Econs Vocabulary 1
Across
- 2. ___ mobile: resources could change their locations.
- 5. ___ goods: human-made goods used in production.
- 7. a social science about resource allocation.
- 10. where buyers and sellers got together to trade.
- 11. rewards to land
- 12. rewards to capital
Down
- 1. ___ good: a product which does not require any resources to make it and so does not have an opportunity cost.
- 3. ___ mobile: resources could have multiple functions or different usages.
- 4. all human efforts.
- 6. a situation where there is not enough to satisfy everyone’s wants.
- 7. a person who bears the risks and makes the key decisions in a business.
- 8. ___ cost: the best alternative forgone.
- 9. extremely great in amount or degree.