Chapter 1: What is Economics

12345678910111213141516
Across
  1. 2. item we desire
  2. 4. a shift to the right in the PPC
  3. 6. use land, labor and capital to produce new goods and services
  4. 10. how people satistfy their needs and wants by making choices
  5. 11. limited resources to meet unlimited wants and needs
  6. 13. (2) all alternatives given up
  7. 14. human made resources used to produce goods and services
  8. 16. necessary for survival
Down
  1. 1. task a person is paid for
  2. 3. (2) worker's knowledge
  3. 5. cost (2) best alternative given up
  4. 7. using resources to maximizeproduction
  5. 8. actions of activities performed for another person
  6. 9. objects sold for profit
  7. 12. producers will not produce goods at current price
  8. 15. natural resources