Introduction to Economics

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