Across
- 1. capital - the knowledge and skills a worker gains through education and experience,
- 5. - something essential for survival,
- 9. - a person who decides how to combine resources to create goods and services,
- 10. - all natural resources used to produce goods and services,
- 11. - the actions or activities that one person performs for another,
- 12. - something that people desire but that is not necessary for survival,
- 14. - the effort people devote to tasks for which they are paid,
- 15. - the act of giving up one benefit in order to gain another, greater benefit,
- 18. possibilities curve - a graph that shows alternative ways to use an economy's productive resources,
- 19. - the use of resources in such a way as to maximize the output of goods and services,
Down
- 2. - the use of fewer resources than an economy is capable of using,
- 3. capital - the human-made objects used to create other goods and services,
- 4. of production - the resources that are used to make goods and services,
- 6. - the study of how people seek to satisfy their needs and wants by making choices,
- 7. - the principle that limited amounts of goods and services are available to meet unlimited wants,
- 8. - the physical objects that someone produces,
- 13. - any humanmade resource that is used to produce other goods and services,
- 16. cost - the most desirable alternative given up as the result of a decision,
- 17. - a situation in which consumers want more of a good or service than producers are willing to make available at a particular price,