Chapter 1 Economics

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Across
  1. 3. goods that we cannot reach out and touch, such as friendship
  2. 9. the physical and human effort used in the production of goods and services
  3. 10. the study of choices we make among our wants and limited resources
  4. 11. the equipment and structures used to produce goods and services
  5. 12. a testable proposition
  6. 13. when two events occur together
  7. 15. intangible items of value provided to consumers
  8. 16. the process of combining labor, land, and capital to produce goods and services
  9. 18. a statement or proposition used to explain and predict behavior in the real world
  10. 19. when an economy gets the most out of its scarce resources
  11. 20. the process of buyers and sellers exchanging goods and services
  12. 21. items that we do not desire or want
Down
  1. 1. when one event brings about another event
  2. 2. the study of household and firm behavior and how they interact in the marketplace
  3. 4. items we value or desire that we can reach out and touch
  4. 5. the natural resources used in the production of goods and services
  5. 6. the total amount
  6. 7. the study of the whole economy
  7. 8. items we value or desire
  8. 14. when human wants exceed available resources
  9. 17. inputs used to produce goods and services