Economics

2. if it can't produce on is frontier and will fail to reach is full production potential.
6. a cost or benefit that motivates a decision or action.
7. the cost of he next best alternative among a person's choices.
12. the accumulation of goods that are tangible, useful, and transferable to another person.
14. risk-takers who combine land, labor, and capital into new products.
15. what people need to survive.
16. workers who apply their effort, abilities, and skills to production.
17. the alternative choices people face in making an economic decision.

1. work performed for someone that is intangible.
3. means by which something is produced which includes: money, tools, equipment, machinery, and factories.
4. items that are economically useful or satisfy an economic want.
5. the four factors of production.
8. a good's or service's ability to provide satisfaction.
9. the condition where unlimited human wants face limited resources.
10. what people want; isn't necessary for survival.
11. worth expressed in dollars and cents.
13. a limited resource including minerals, vegetation, animal life, and climate.