Across
- 4. any human-made resource that is used to produce other goods and services
- 7. graph that shows alternative ways to use an economy's productive resource
- 12. effort people devote to tasks for which they are paid
- 14. extra benefit of adding one unit
- 15. physical objects that someone produces
- 16. process of deciding how much more or less to do
- 18. how people seek to satisfy their needs and wants by making a choice
- 20. something that people desire but that is not necessary for survival
Down
- 1. a person who combines resources to create goods and services
- 2. cost of producing one more unit of a good
- 3. natural resources used to produce goods and services
- 5. the most desirable alternative given up as the result of a decision
- 6. resources used to make good and services
- 8. something essential for survival
- 9. the principle that limited amounts of goods and services are available to meet unlimited wants
- 10. actions or activities that one person performs for another
- 11. use of fewer resources than an economy is capable of using
- 13. using resources to maximize the output of goods and services
- 17. the alternatives that we give up when we choose one course of action over another
- 19. consumers want more than producers are willing to make available at a certain price