Seth Howard's Economics Crossword

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Across
  1. 4. the buildings, tools, and machines people create and use to produce final goods and services
  2. 5. the extra or additional costs or benefits of a decision
  3. 8. a process that combines economic resources so the result is a good or service that is available for sale
  4. 10. an economy that relies on voluntary trade as the primary means of organizing and coordinating production
  5. 11. the process of getting a product or service to consumers
  6. 15. the physical and mental efforts people use to create goods and services
  7. 17. positive rewards for making some kind of choice or behaving in a certain way
  8. 19. Natural resources are unaltered gifts of nature, such as soil, minerals, timber, and fresh water
  9. 20. the imagination, innovative thinking, and management skills needed to start and operate a business
  10. 21. losses
Down
  1. 1. the highest valued alternative given up as a result of making a choice
  2. 2. Economists call land, labor, and capital resources the
  3. 3. the study of the economy as a whole
  4. 4. using a product or service
  5. 6. a positive difference between total sales and total costs
  6. 7. the study of individual consumers and businesses
  7. 9. gains
  8. 12. inequality between wants and the resources available to satisfy them
  9. 13. n arrangement that allows buyers and sellers to make exchanges
  10. 14. a social science that studies how people, acting individually and in groups, decide to use scarce resources to satisfy their wants
  11. 16. fines or punishment
  12. 18. exchanging something for something else