“No Free Lunch”

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Across
  1. 2. something we would like to have but do not have to have
  2. 8. cost value of the next best alternative that was given up when an economic choice was made
  3. 10. trees, metals, and fuel are examples
  4. 12. the demand for a good or service is greater than the availability of the good or service, the problem of limited resources
  5. 13. the movement of goods and services
  6. 15. economic system in which the means of production are owned by private citizens
Down
  1. 1. there is an endless amount of something
  2. 3. there is a fixed amount of something
  3. 4. the purchase or use of a good or service
  4. 5. the act of making a good
  5. 6. necessary for survival
  6. 7. because of scarcity, we make these every day
  7. 9. the law of economics that says buyers will buy more when prices are low and buy less when prices are high
  8. 11. is the study of how we make decisions in a world in which resources are limited
  9. 12. the law of economics that states businesses will produce more when things can be sold at a higher price and fewer things when prices are low
  10. 14. Decision that must be made when choosing between items