Across
- 3. items that an indicidual can live without but feel like need it
- 4. scarcity requires people to make
- 8. choosing among economic altervatives is referred to as what term?
- 10. in economics the term land refers to which factor of production
- 11. items that an individual can not live without
Down
- 1. a condition in international trade when the value of the imports into a nation is greater than the value of its exports
- 2. this is the general term for a tax on imported goods
- 5. a business owned by a single person is an example of
- 6. an industrial oven in a bakery represents which factor of production
- 7. does the us have a trade surplus or trade deficit
- 9. this is a restriction to regulate international commerce