Economics

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Across
  1. 2. graph that shows the maximum combination of two goods or services that an economy can produce
  2. 4. shows the maximum amount of goods and services an economy can produce when all resources are used efficiently
  3. 7. where there are not enough resources to produce everything people want
  4. 10. tools, machines, building and infrastructure used to produce goods and services
Down
  1. 1. the next best thing that has to be given up when a choice is made
  2. 3. using resources in the best possible way so that maximum output (goods and services) is produced with minimal waste
  3. 5. looks at the whole economy, such as growth, unemployment and inflation
  4. 6. place where buyers and sellers interact
  5. 8. the study of how people, businesses, gov make choices using limited resources to satisfy unlimited wants and needs.
  6. 9. the point where supply equals demand