Chapter 1 and 2 Vocabulary

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Across
  1. 3. he cost of passing up the second choice when making a decision
  2. 4. human-made goods that people use to produce goods and services; also, money or other resources used to create wealth
  3. 5. resistance of an organism to infection or disease; the condition of being unaffected by something
  4. 7. economic system in which individuals and businesses own the factors of production, and buyers and sellers choose to do business with those who satisfy their needs and wants best
  5. 9. a sea passage between the Atlantic and the Pacific along the north coast of North America
  6. 11. the sharing of power between the national government and state and local governments
Down
  1. 1. economic system in which people and businesses are free to own the means of production and to compete for profit with a minimum of government interference
  2. 2. Spanish explorer in the Americas during the 1500s
  3. 4. to go around completely
  4. 6. natural feature of the Earth’s land surface
  5. 8. a community of living things and the surroundings in which they live
  6. 10. a tax on imports