Section 1 The basic economic problem

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Across
  1. 2. the study of how governments to make choice to satisfy unlimited wants with limited resources
  2. 5. products which requires resources to produce them and therefore have an opportunity cost
  3. 6. the situation where there is not enough to satisfy everyone’s wants
  4. 8. the next best alternative forgone
  5. 10. the study of how people and businesses to make choice to satisfy unlimited wants with limited resources
  6. 14. the different ways in which a particular piece of land could be used
  7. 15. the education, training,and experience that worker have gained over a period of time
Down
  1. 1. The number of workers, machines, raw materials and land used to produce these products is limited
  2. 3. the total value of the output of capital produced
  3. 4. a curve that shows the maximum output of two types of products and combination of those products that can be produced with existing resources and technology
  4. 7. the output per worker hour
  5. 9. related to the ability to move from one place to another
  6. 11. the value of replacement capital
  7. 12. the process in which damaged land is restored to its natural state
  8. 13. an increase in the total output of an economy