Across
- 2. this is the basic foundational believe in economics
- 4. this is the study of how societies and people allocate scarce resources
- 8. this is quantity multiplied by price
- 10. these are the four factors of production
- 12. producers and consumers drive decisions in this type of economy
- 13. he wrote the invisible hand theory of economics
- 14. this is the value of the next best alternative
- 15. this has a value of exactly 1
- 16. this is a value showing how much demand changes when price changes
Down
- 1. this shows the max number of two goods that can be made
- 3. this exams the plusses and minuses of a decision
- 5. this is the study of economic decisions by society not individuals
- 6. he predicted that the proletariat would overthrow the capitalists
- 7. the want for a certain product
- 9. food,water and shelter are these
- 11. this has a value of less than 1