Across
- 4. Study of large-scale economic activity.
- 5. Items (food, clothing, shelter) necessary for survival.
- 9. numerical data and/or information
- 11. The cost of using more than one good or service
- 12. Resources made and used by people to produce and distribute goods and services.
- 14. Physical objects that can be purchased.
- 15. the maker of goods and provider of services.
- 16. economic resources needed to produce goods and services.
- 17. work that is performed for another for payment.
- 20. Resources not being used to their full potential.
- 22. Used to show change over time.
- 23. Weighing the benefits of an action against its costs.
- 24. Explaining economics as it ought to be, not as it is.
- 25. Used to compare numbers or sets of numbers.
- 27. the person that buys goods or services for personal use.
- 28. Resources being used to produce the maximum for goods and services.
- 29. Explaining economics as it is, not as it should be.
- 31. The value of the next-best alternative when choosing one over the other.
Down
- 1. A graph used to illustrate the impact of scarcity in an economy
- 2. Study of individuals, families, and businesses in the economy.
- 3. Natural resources to produce goods and services.
- 6. Vision, skill, ingenuity and willingness needed to begin and run businesses.
- 7. Satisfaction received when using more than one good or service.
- 8. The human element needed for making products.
- 10. Alternative given up when making an economic choice.
- 13. Desires that can be satisfied by consuming a good or service.
- 18. The decision personally believed is the best combination of costs and benefits.
- 19. Benefits offered to encourage people’s actions.
- 21. Shows relationships among the parts of the whole.
- 26. The situation when there are not enough resources to meet wants.
- 30. The study of how people us scarce resources to satisfy their wants.