Across
- 3. are physical objects that someone produces
- 6. refers to any human-made resource that is used to produce other goods and services
- 7. is the effort people devote to tasks for which they are paid
- 8. is the use of resources in such a way as to maximize the output of goods and services
- 9. is something that we desire
Down
- 1. is something essential for survival
- 2. occurs when consumers want more of a good or service than producers are willing to make
- 4. the fact that limited amounts of goods and services are available to meet unlimited wants is called
- 5. is the act of giving up one benefit in order to gain another
- 7. all natural resources used to produce goods and services