Across
- 3. Principle #7 considers market ____
- 5. Your opportunity cost is the highest valued ____ alternative
- 7. It makes everyone better off
- 9. the study of economy-wide phenomena
- 11. getting the most from scarce resources
- 14. the shape of a production possibilities curve
- 15. the type of statements based on how things should be
- 16. items provide everyone
- 18. the study of managing scarcity and choice
Down
- 1. you should pursue if the marginal ____ is greater than the marginal cost
- 2. A general rise in the level of prices
- 4. productivity affects a nation's standard of ____
- 6. Think at the margin
- 8. Alternative options for you to pursue
- 10. the curve that shows combinations of output produced by a country
- 12. the employment level when you are on the PPC
- 13. Induces people to act
- 17. when the PPC shifts outwards