Across
- 4. private companies and individuals decide what to consume and what to consume.
- 6. refers to the loss associated with the best opportunity that is passed up.
- 7. is the study of how societies decide what to produce, how to produce it, and how to distribute what they produce.
- 8. reveals how many units of a good or service a business needs to sell before it begins earning a profit.
- 10. when business activity remains far below normal for years.
- 11. refers to the fact that too few resources are available for everyone in the world to consume as much as he or she likes.
Down
- 1. when growth falls for two-three month periods in a row.
- 2. expansion and contraction by many industries at once.
- 3. data that show how the economy is performing.
- 5. government planners decide how much can be produced.
- 8. the point at which revenue is sufficient to cover all costs.
- 9. supply equals demand.