Across
- 2. an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
- 4. the general body of wage earners.
- 8. the value of the next-best alternative when a decision is made; it's what is given up
- 9. the fact that budgeting inevitably involves sacrificing some of X to get more of Y.
Down
- 1. a curve that illustrates the possible quantities that can be produced of two products if both depend upon the same finite resource for their manufacture.
- 3. The resources people use to produce goods and services
- 5. the theory that individuals who consume goods and services in large quantities will be better off.
- 6. cash or liquid assets being held or obtained for expenditures.
- 7. A peer-reviewed academic journal dedicated to the economics of natural and environmental resources.