Midterm Examination in Economics (Part 1)

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Across
  1. 3. it includes natural resources such as timber, oil, coal, iron, soil and water as well as the ground in which these resources are found.
  2. 5. man-made goods used to produce other goods or services.
  3. 7. is the use of inputs to produce outputs.
  4. 9. is the study of economics which deals with the behavior and activities of individuals in specific units
Down
  1. 1. is the study of the entire behavior of the economy
  2. 2. simply the desires of citizens
  3. 4. a scientific study, which deals with how individuals and society generally make choices.
  4. 6. the work and time for which employees are paid.
  5. 8. refers to any property and assets of a person that have a useful value
  6. 10. these are basic requirements for survival