Across
- 3. a production point outside the PPC is ________
- 5. ______ sector: firms owned by shareholders and individuals
- 6. goods whose production does not have an opportunity cost
- 10. Unlimited _______ causes the economic problem
- 11. goods and services purchased by households for their own satisfaction
- 14. the ability of labour to change where it works or in which occupation
- 16. a PPC is straight if the ________ is constant
Down
- 1. the value of capital goods that have worn out or become obsolete
- 2. an arrangement which brings buyers into contact with sellers
- 4. the most mobile factor of production
- 7. a PPC may ____ if there is an increase in the quantity or quality of resources
- 8. the output per factor of production in an hour
- 9. Firms, government and ________ are examples of economic agents
- 12. a person who bears the risks and makes the key decisions in business
- 13. the economic resources of land, labour and capital
- 15. the reward/payment of land