Kaja Selvig - Our Puzzling Government #2

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Across
  1. 4. People with all their efforts, abilities, and skills
  2. 5. An item that lasts for fewer than three years when used on a regular basis.
  3. 7. Work that is performed for someone
  4. 10. The sum of people’s skills, abilities, health, knowledge, and motivation
  5. 13. something we would like to have but is not necessary for survival.
  6. 14. A location or other mechanism that allows buyers and sellers to exchange a specific product.
  7. 15. A useful, tangible item, such as a book, car, or compact disc player, that satisfies a want.
  8. 17. These are markets where producers sell their goods and services.
  9. 18. Any good that lasts three years or more when used on a regular basis
  10. 21. A risk taker in search of profits who does something new with existing resources.
  11. 22. The tools, equipment, machinery, and factories used in the production of goods and services.
  12. 23. The basic problem in Economics
  13. 24. Goods intended for final use by individuals
Down
  1. 1. Occurs when a nation’s total output of goods and services increases over time.
  2. 2. A worth that can be expressed in dollars and cents.
  3. 3. Where the factors of production are bought and sold.
  4. 6. The accumulation of products that are tangible, scarce, useful, and transferable from one person to another
  5. 8. Some necessities, such as water, had a very low monetary value. On the other hand, some nonnecessities, such as diamonds, had a very high value.
  6. 9. The dollar value of all final goods, services, and structures produced within a country’s borders in a 12-month period.
  7. 11. A basic requirement for survival, such as food, clothing, and shelter
  8. 12. land, capital, labor, and entrepreneurs.
  9. 16. Refers to the “gifts of nature,” or natural resources not created by people.
  10. 17. Everyone in a society benefits when scarce resources are used efficiently.
  11. 19. The study of how people try to satisfy seemingly unlimited and competing wants through the careful use of relatively scarce resources.
  12. 20. The capacity to be useful and provide satisfaction.