Section 1-The basic economic problem-2
Across
- 2. gifts of nature available for production
- 3. something that fulfills a need, often not a physical object (banking, teachers, policemen)
- 5. the cost of the next best alternative
- 6. the desires that people have that are not necessary for their existence/ luxuries
- 7. items that are needed/ useful for consumption or the production of other items
- 8. a curve that represents possible output if the factors of production are used efficiently
Down
- 1. goods provided by the government that everybody benefits from (street lighting)
- 4. limited availability of resources not enough to satisfy all the wants