Across
- 3. The study of the behavior and decision making of entire economics.
- 5. Any human-made resource that is used to create other goods or services.
- 6. Using fewer resources than an economy is capable of using.
- 8. The effort that people devote to a task for which they are paid.
- 10. A situation in which a good service is unavailable, or a situation in which the quantity demanded is greater than the quantity supplied, also known as excess demand.
- 12. Capital All human-made goods that are used to produce other goods and services; tools and buildings.
Down
- 1. Cost The most desirable alternative given up as the result of a decision.
- 2. The study of how people seek to satisfy their needs and wants by making choices.
- 3. The study of the economic behavior and decision making of small units, such as individuals, families, and businesses.
- 4. limited quantities of resources to meet unlimited wants.
- 7. Ambitious leader who combines land, labor, and capital to create and market new goods or services.
- 9. Of Production Land, Labor, and capital; the three groups of resources that are used to make all goods and services.
- 11. Capital The skills and knowledge gained by worker through education and experience.
- 13. Natural resources that are used to make goods and services.