Across
- 3. how an entire economy makes decisions
- 5. a temporary market outcome caused by price or policy
- 6. work or labor performed by someone
- 8. an example would be oil
- 9. essential for basic survival
- 11. an example would be a computer
- 12. the value of the next best option is called a ____ cost
- 15. rewards and punishments to motivate people to act a certain way.
Down
- 1. an example would be factory workers
- 2. an example would be Steve Jobs
- 4. how individuals, businesses, and households make decisions
- 7. a condition where resources are limited while wants are unlimited
- 10. study of how people use their limited resources
- 13. the number of questions of production
- 14. non-essentials that make life more enjoyable