Unit 1 Econ Vocab
Across
- 2. natural resources
- 4. shows alternative ways to use economy's resources
- 5. unintended side effect that either benefits or costs someone other than the consumer
- 6. how we make choices and how they affect others
- 8. human resources
- 10. using your resources to produce max amount of goods/services
- 12. a thing that we desire but is not a need
Down
- 1. study of economics as a whole
- 3. unlimited wants limited resources
- 7. unavailable goods/services; high demand, low supply
- 9. alternative as a result of a decision
- 11. a thing that is necessary for survival