Economics

6. cost is "the loss of potential gain from other alternatives when one alternative is chosen"
7. goods coming in from another country
8. an action that satisfies our wants through the efforts of other people or equipment
11. trade allowing any country to buy goods from a different country without any additional fees or restrictions
13. goods going out to another country
14. the money the bank pays you on the money you deposited with them
15. the cost of goods and services going down
17. the demand for a good or service is greater than the availability of the good or service.
18. the term used to describe the facilities which support modern human life, like bridges, roads, and
19. the process by which people and goods move easily across borders
20. the cost of goods and services going up

1. means focusing on a specific job; limit the focus to one specific activity
2. is the study of people and the choices they make
3. to work for wages
4. A person who organizes and operates a business (s), taking on greater than normal financial risks in order to do so.
5. the items you can see and touch
9. materials, objects, people, and tools used to make the goods and services that we buy.
10. economy based on supply and demand
12. rate The percentage of interest that a bank pays you.
16. moving people or things from one place to another place