Across
- 5. It is the accumulation of economic products
- 7. Cost ___ analysis
- 9. __ cost It is simply what you gave up, your 2nd choice.
- 11. Work performed for someone
- 13. ___ of labor allows workers to do fewer tasks than ever before.
- 15. You need to understand the __ Enterprise system.
- 16. A __ market is where you spend your income
Down
- 1. A Production ____ frontier illustrates the concept of opportunity cost.
- 2. Economic ___ is when nation's total output increases over time.
- 3. It is the fundamental problem in economics.
- 4. A __ market is where you make your income.
- 6. It is the study of how to take care of your unlimited wants through careful use of your scarce resources.
- 8. You need to understand the Free __ system.
- 10. Tangible Item that is useful or satisfies a want.
- 12. __, capital & durable are the three types of goods.
- 14. It is how much something is worth in dollars & cents.
- 17. This term means satisfaction in Economics.