World Economics

3. the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
4. goods bought and used by consumers, rather than by manufacturers for producing other goods.
7. natural resources that can be replenished naturally over a relatively short period of time, making them available for continuous use
9. a curve on a graph representing the maximum combination of two goods an economy can produce with its available resources and technology
12. goods that are used in producing other goods, rather than being bought by consumers
13. someone who studies economics
14. focusing on the production of fewer goods and services to gain efficiency

1. materials or substances such as forests, minerals, water, and air that occur in nature and can be used by humans for economic production, consumption, or for other purposes
2. the quantity of goods and services produced from each hour of a worker’s time
5. facilities and systems that serve a country, city, or other area including roads, bridges, along with water, waste disposal, and communication systems
6. the total market value of all final goods and services produced within a country's borders in a specific time period
8. tangible, man-made assets used to produce goods and services, such as machinery, equipment, buildings, and tools
10. the ability to produce a good or service at a lower opportunity cost than another producer
11. weighing both the costs and benefits of something
15. a tax that must be paid before a good may be brought into a country