Ch 1: What is Economics?

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Across
  1. 4. a type of economics that includes statements of opinions
  2. 7. the "economist" in Luke 12:42
  3. 9. worth determined by the nature of the product itself
  4. 10. the school of economic thought that emphasizes the free market, private property, and the limited role of government
  5. 12. a common-sense science of how to allocate limited resources to satisfy unlimited wants
  6. 15. the Father of Austrian School of Economics
  7. 17. economics is the study of what
  8. 18. the study of choice between individual units
  9. 22. an intangible product
  10. 23. satisfaction one loses when he chooses one item over another
  11. 24. worth determined by usefulness to the buyer
Down
  1. 1. usefulness
  2. 2. Menger said that it could be worth more than diamonds
  3. 3. changing a nuisance good into an economic good
  4. 5. the satisfaction one receives from a choice
  5. 6. the kind of good that has a negative economic impact
  6. 8. its value was debated in contrast to that of water
  7. 11. the idea that everything is in limited quantity
  8. 13. goods that have a price tag higher than zero
  9. 14. because every choice has some amount of regret, economic nicknamed what?
  10. 16. an imaginary unit of satisfaction
  11. 19. the study of large-scale choices
  12. 20. a type of service or good that has a price tag of zero
  13. 21. a tangible item that has a measurable lifespan