Econ Chpt 1 Vocab

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Across
  1. 2. Type of good meant to be used by the buyer
  2. 4. Covering many or all areas
  3. 5. A tangible economic product
  4. 6. A basic requirement for survival
  5. 7. Lacking resources to produce all a society needs
  6. 9. A item that wears out
  7. 10. Contradiction between high value of wants and low value of needs
  8. 11. Something we would like to have but it not required
  9. 13. Work or labor performed for someone
  10. 14. A good that lasts at least three years
  11. 16. Type of good used to make other goods
  12. 17. Not physical
  13. 18. Capable of being passed form one to another
Down
  1. 1. Total value of all goods, services, and structure produced with a country in a year
  2. 3. The social science that studies how people satisfy needs with a scarcity of resources
  3. 8. Monetary worth of a good or service
  4. 12. Gradual collection of goods
  5. 15. Total of tangible goods that are scarce, useful, and transferable