Introduction to Economics

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Across
  1. 4. a situation in which a good or service is unavailable
  2. 6. all human resources used to make goods/services
  3. 7. physical objects (things)
  4. 8. skills and knowledge of workers
  5. 9. when we change what we produce it costs more
  6. 10. using less than maximum
  7. 12. all natural resources used to make goods/services
  8. 13. giving something up every time you make a choice
  9. 14. maximum productivity, minimum waste
  10. 18. a graph that shows what goods can be made
  11. 21. limited quantities of resources
Down
  1. 1. all human made goods used to make other goods
  2. 2. the alternative to using one resource over another (opportunity cost)
  3. 3. maximum possible production of all goods
  4. 5. the best thing we give up when we make a decision
  5. 11. resources used to make all goods (land, labor, and capital)
  6. 15. how people choose to spend money
  7. 16. actions that people provide for others
  8. 17. deciding whether to do/use one more unit
  9. 19. someone who creates new goods or services (includes business owners)
  10. 20. effort spent on tasks that one is paid for