Economics

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Across
  1. 3. The total monetary or market value of all finished goods and services produced within a country's borders during a specific period, typically a year or quarter.
  2. 5. The study of how people, businesses, and governments decide to use limited resources to meet their needs and wants.
  3. 6. the quantity of a good or service that consumers are both willing and able to purchase at various prices during a given period.
  4. 8. The branch of economics focused on how individuals and businesses make decisions.
  5. 9. An economic acronym that stands for "there is no such thing as a free lunch".
  6. 10. the total quantity of a specific good or service that producers are willing and able to offer to the market at various prices during a given period.
Down
  1. 1. The worth of a good service is determined by how much an individual values it.
  2. 2. The branch of economics focused on the economy of a country or region.
  3. 4. the process of transforming inputs—such as land, labor, capital, and entrepreneurship—into finished goods and services that create utility and satisfy human wants.
  4. 7. The basic concept that resources are limited, while human wants and needs are unlimited.