Across
- 2. Cost the extra cost of adding one unit
- 6. something that people desire but that is not necessary for survival
- 7. and services
- 9. Adam smith
- 11. cost the most desirable alternative given up as the result of a decision
- 12. a phrase expressing the idea that a country that decides to produce more military goods
- 14. all natural resources used to produce
- 17. a person who decides how to combine resources to create goods and services
- 18. the study of how people seek to satisfy their needs and wants by making choices
- 19. the act of giving up one benefit in order
Down
- 1. a phrase expressing the idea that a country has fewer resources to produce consumer goods
- 2. Benefit the extra benefit of adding one unit
- 3. the physical objects that someone produces
- 4. any human made resource that is used to produce other goods and services
- 5. the effort people devote to tasks for which they are paid
- 8. a situation in which consumers want more of a good or service than producers are willing to make available at a particular price
- 10. gain another, greater benefit
- 13. the principle that limited amounts of goods and services are available to meet unlimited wants
- 15. something essential for survival such as food or medical care
- 16. the actions or activities that one person performs for another
