Chapter 2 Vocabulary

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Across
  1. 2. the study of how resources are converted into products and services
  2. 4. a formal set of general plans and principles that guides problem solving and decision making in specific instances
  3. 6. a situation in which a free economy, operating on its own, does not distribute resources fairly
  4. 8. the field of economics that links environmental and economic costs
  5. 9. a general plan and principle related to the interactions between humans and the environment
  6. 11. the value that is not included in the price of a product or service
  7. 12. a rant of cash or a public resource that is intended to encourage a particular activity or lower the price of a product
Down
  1. 1. the field of economics that recognizes the relationships between ecosystems and economics systems
  2. 3. a tax levied on companies that participate in activities or produce products that are harmful to the environment
  3. 5. a labeling system that tells consumers which brands are made with processes that do not harm the environment
  4. 7. a method in which decision makers compare what will be sacrificed and gained by taking a specific action
  5. 10. the amount of a product or service people will buy at a given price
  6. 12. the amount of a product or service offered for sale at a given price