Fundamental Economic Concepts

123456789
Across
  1. 4. The branch of economics that examines national and global trends
  2. 5. An economic model illustrating the interaction of supply and demand
  3. 7. A system in which countries benefit by focusing on what they produce most efficiently
  4. 8. The value of the next best alternative forgone when a choice is made.
Down
  1. 1. term describing a situation where improving one person’s well-being harms another’s.
  2. 2. The branch of economics focused on individual and market-level decisions.
  3. 3. A condition of limited resources and unlimited wants
  4. 6. The study of how individuals make decisions to allocate scarce resources.
  5. 9. curve illustrating trade-offs in production choices.