Ch-3 Lesson -1

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Across
  1. 2. private property rights,____allow people to
  2. 5. are free to do as they wish with their property,
  3. 6. profit is the extent to which the____from
  4. 8. of a free enterprise system.
  5. 12. freely and willingly engaging in market
  6. 14. plant and animal materials , vegetable oils,
  7. 16. exceeds the full opportunity cost of the
  8. 18. voluntary exchange-the___act of buyers and
  9. 20. involved in producing the products sold
Down
  1. 1. and the seller,or the exchange would never
  2. 3. profit motive-the __to improve one's
  3. 4. incentive to work, save, and _____. when
  4. 7. A voluntary transaction benefits both the
  5. 9. government interference.Because the terms are so
  6. 10. well-being-is largely responsible for the
  7. 11. biofuels, fuels whose _____is derived from
  8. 12. people often use the terms free enterprise,
  9. 13. free enterprise,____are privately owned,
  10. 15. municipal and industrial wastes.
  11. 17. competition is allowed to flourish with a minimum
  12. 19. and control their possessions as they wish.