Introduction to Economics
Across
- 2. people who do the work to produce goods and services
- 5. one more
- 9. the satisfaction received from consuming a good or service
- 11. the required resources to produce goods and services
- 14. goods and services that we desire, but aren't necessary for our survival
- 15. sacrifices that must be made when we choose one thing over another
- 16. the worth of a good or service as determined by the market
- 17. the basic economic problem
- 18. an action that is performed for somebody else
- 19. things we must have in order to survive: food, shelter, clothing
Down
- 1. the tools, equipment, machinery, and factories that are used to produce goods and services
- 3. natural resources required to produce goods and services
- 4. a measure of output per unit of input
- 6. benefits, rewards, or costs that motivate our economic decisions
- 7. tangible items that are economically useful or satisfy a want
- 8. the people who take a risk to start a new business or create a new product
- 10. the cost of producing one more unit of a good or service
- 12. the value of the next best use of money, time, or resources that we give up when we make a trade-off
- 13. one of our most valuable resources