Fundamental Economics
Across
- 1. ........ cost or change in total cost paid for one more unit
- 3. unlimited wants and needs lead to...
- 6. ........... cost or the value of the next best choice that is given up when making a choice
- 9. when something runs out
- 11. Total satisfaction gained from a good/service
- 12. ......... Exchange or act of willingly trading one item or service for another based on value
Down
- 2. What motivates individuals/gov't/businesses to undertake or avoid an action
- 4. when you distribute goods you...
- 5. ........ Capital or tools and equipment used in production
- 7. how govt/individuals choose to use resources to satisfy unlimited wants
- 8. ....... resources that are gifts of nature we use
- 10. Efficiency with which goods and services are produced