Chapter 1 Vocab

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Across
  1. 3. the loss of potential gain from other alternatives when one alternative is chosen.
  2. 4. typically cash or liquid assets held for expenditures
  3. 5. unable to be harmed
  4. 7. an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
  5. 9. a ship route along the Arctic coast of Canada and Alaska
  6. 11. a system of government that devides the powers of government between the nations.
Down
  1. 1. an economic system in which private business operates in competition and largely free of state control
  2. 2. a Spanish ______
  3. 4. pay attention to the prefix
  4. 6. a natural feature on the Earth's surface
  5. 8. a biological community of interacting organisms and their physical environment.
  6. 10. a tax or duty to be paid