Cartoon Economics Weeks 1-5

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Across
  1. 1. Costs that have already happened and can't be changed
  2. 3. "________ of Labor" refers to separating work into many different tasks performed by different people
  3. 4. most common medium of exchange
  4. 5. Who is an optimizing individual?
  5. 8. Activities or Experiences
  6. 9. A place where people get together to exchange
  7. 11. Preferences revealed by what someone SAYS
  8. 13. Father of Modern Economics
  9. 15. Voluntary exchange of goods and services (including money)
  10. 17. EXTRA benefit from consuming one additional unit
Down
  1. 1. Value based on a person and their preferences
  2. 2. Answers the question "How Much"
  3. 4. Type of economy where decisions are made by supply and demand
  4. 6. Value NOT based on the person evaluating it
  5. 7. Imaginary unity to measure satisfaction
  6. 10. resources such as buildings, vehicles, and machines
  7. 12. Type of economy where all decision made by government
  8. 14. Resources such as air, water, animals, plants, and oil
  9. 16. Money with no inherent value
  10. 18. Stuff