Across
- 3. _____ consists of all forms of human effort(physical and mental) used to produce goods and services.
- 6. ______ studies how countries and individuals choose to use the limited resources.
- 8. Something that we desire having.
- 11. _____ are man made resources used to aid production.
- 13. For a free market, goods are distributed based on the income earned by the _________.
- 14. Something that is required for survival.
- 15. ______statements are statements that deal with facts.
Down
- 1. The second best choice that we sacrifice is known as the _________ cost.
- 2. For these goods and services to be produced, ______ are needed.
- 4. Price____:legal maximum on the price at which a good can be sold.
- 5. to satisfy their unlimited wants.
- 7. _____ consists of all the gifts of nature that can be used to produce goods and services.
- 9. government can make buyers or sellers pay a specific amount on each unit.
- 10. A command system gives full powers to the _______ to make all decision.
- 12. _____ are the skills that an entrepreneur has.