Ch 1 Lesson 1 Vocab

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Across
  1. 1. a gap between limited resources and theoretically limitless wants
  2. 4. something that makes a person try or work hard or harder
  3. 6. a kind of compromise that involves giving up something in return for getting something else
  4. 7. an area of the production, distribution and trade, as well as consumption of goods and services.
  5. 8. the study of economics that is based on facts that can be proven true or false
Down
  1. 2. compares a project or decision's estimated or projected costs and benefits
  2. 3. a school of thought which believes that economics as a subject should pass value statements, judgments, and opinions on economic policies, statements, and projects
  3. 5. making choices when resources are limited