Across
- 5. Cost The cost of the next best option
- 6. Measure of worth in dollars and sense
- 8. Work, factor of production
- 9. Risk takers who do something new with resources they already have
- 12. Choices Trade-offs
- 14. A condition where unlimited human wants face limited resources
- 16. An accumulation of goods that are tangible, scarce, and transferable
Down
- 1. Measure of a country's total output of goods over a twelve month period
- 2. buyers
- 3. The ability of an object to give satisfaction and be useful to an individual
- 4. Market A place where one can buy things like land, labor, and capital
- 7. A way of expressing a need
- 10. The study of how people try to satisfy unlimited wants through limited resources
- 11. Things we must have in order to survive
- 13. Market A place where goods and services are purchased and sold
- 15. Gift of nature, factor of prodcution
- 17. capital The measure of a population's health, skill, and motivation