Economics

2. a model used to show the tradeoffs associated with allocating resources between the production of two goods
4. the measurement of the benefit derived from a good or service to an individual or a company
6. financial motivations for people to take certain actions
8. tangible product
11. something that you would like but you do not really need
13. work that is done for other people
14. the act of starting and running your own business
15. property resources used to produce goods and services
16. something that you must have to survive

1. what you have to give up in order to get something else
2. the natural, human, and capital resources used to make goods and services
3. any natural resource used to produce goods and services
5. the total satisfaction received from consuming a good or service
7. the amount of physical, mental, and social effort used to produce goods and services
9. a limited supply
10. an accumulation of valuable economic resources that can be measured in terms of either real goods or money value
12. a situation where making one choice means losing something else