Principles of Economics

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Across
  1. 4. What you give up when you choose one option over another
  2. 8. The extra benefit gained from consuming one more unit of a good
  3. 9. Regret after making a purchace
  4. 11. An economy where the government controls production and distribution
  5. 12. A model showing the trade off between military and civilian goods
  6. 14. When workers become more efficient as they gain experience
Down
  1. 1. The cost of producing one additional unit of a good
  2. 2. When there isn't enough of a product to meet demand at a certain price
  3. 3. The different combinations of goods an economy can produce with limited resources
  4. 5. Having to give up one thing to get something else
  5. 6. An economy that combines government control with free markets
  6. 7. An economy where supply and demand decide prices with little government control
  7. 10. A person who starts and runs a business
  8. 13. When resources are limited but wants are unlimited