Across
- 2. - Relating to government revenue, spending, and budget policies.
- 4. Cost - The value of the next best alternative that you give up.
- 6. Effect - Improved efficiency and productivity from experience.
- 8. - A temporary situation where demand exceeds supply.
- 9. Possibilities Frontier - A curve showing maximum possible production outcomes.
- 10. - A place where you can deposit and withdraw money.
- 13. - Borrowing ability to obtain goods or services now and pay later.
- 14. Remorse - Regret after making a purchase.
- 15. Offs - Giving up one thing to gain another.
Down
- 1. - Limited resources compared to unlimited wants.
- 3. - Individuals who start and manage their own businesses.
- 5. - An economic system where the government makes decisions.
- 7. vs. Butter - A trade-off between military and civilian goods.
- 11. Market - An economic system based on supply and demand with minimal government intervention.
- 12. Economy - An economic system incorporating elements of both market and command.