Fundamental Economics

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Across
  1. 1. Result of people having unlimited wants and limited resources
  2. 5. How indvidual's,businesses and gov't choose to use limited resources to satisfy unlimited wants
  3. 6. Change in total cost paid for one more unit
  4. 9. Way a person lives that can increase with education/training
  5. 10. Individual or businesses concentrate on a single activity or an area of expertise when producing a good or server
  6. 11. Value of the next best choice that is given up when making a choice
Down
  1. 1. When a resource, good, or service becomes unavailable for a period due to market conditions
  2. 2. What motivates individuals, businesses, and gov't to undertake or avoid an action
  3. 3. Efficiency with which goods and services are produced
  4. 4. The way a country organizes economic activity and makes economic decisions
  5. 7. Total satisfaction gained from consuming/using a good or service
  6. 8. Distribution of goods