Economics: Unit 1 Test Review

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Across
  1. 2. the rise in prices
  2. 6. the driving force that encourages people to work
  3. 10. the next best alternative
  4. 13. person that takes risks to create a business
  5. 14. father of communism
  6. 16. any natural resource
  7. 17. the conversion from private ownership to state ownership
  8. 19. to produce things you are best suited to produce
  9. 20. any man made resource
  10. 21. the four things you need to produce any product
Down
  1. 1. conversion from state ownership to private ownership
  2. 3. the struggle among sellers to attract consumers
  3. 4. any point on the production possibility curve
  4. 5. economic system in which people are free to make their own decisions
  5. 7. resources will always be limited
  6. 8. the value of all goods and services produced
  7. 9. father of capitalism
  8. 11. chart that shows the maximum combination of any two goods that can be produced with given resources
  9. 12. economic sysyem in which the government makes all decisions
  10. 15. scarcity plus utility
  11. 18. the economic system most modern countries have including the USA