Intro to Economics

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Across
  1. 3. purposeful behavior taken to improve one's life
  2. 5. the study of how people seek to satisfy their needs/wants
  3. 6. an economic system in which voluntary exchanges are used to answer the 3 economic questions.
  4. 8. the peaceful transfer of goods, service or money
  5. 9. an action or reward that motivates one to act a certain way
  6. 10. comples social organizations such as govt, economies and education systems set up by people
  7. 11. people who risk their time, money and resources to start and manage a business
Down
  1. 1. the situation in which unlimited wants exceeds the limited resources
  2. 2. anything that serves as a medium of exchange, unit of account & a store of value
  3. 4. the buying and selling of goods and services
  4. 7. the worth/value of a good or service as determined by its usefulness