Across
- 2. economic system where individuals answer the 3 questions
- 4. the next best alternative when making a decision
- 5. the science of scarcity
- 8. when government takes money from a business to limit production
- 9. government programs aimed at limiting poverty
- 11. we have unlimited wants but limited resources
- 12. weighing the marginal benefits & costs
- 13. people who benefit from a good/service without paying
- 17. output per unit of input
- 19. when the invisible hand fails
- 20. economic system in which the government answers the 3 questions
Down
- 1. any point inside of the PPC
- 3. all the alternatives given up when making a decision
- 6. destroy competition (they are the market)
- 7. when government gives money to businesses to increase production
- 10. where Qd=Qs
- 14. any point along the PPC
- 15. the amount of a good producers are willing and able to sell at different prices
- 16. what motivates all businesses
- 18. the amount of a good people are willing and able to buy at different prices