Across
- 6. cost - the money, time, and/or resources a person gives up to make a decision.
- 7. the amount of physical, mental, and social effort used to produce goods and services for the economy.
- 9. dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs
- 10. things required to function. Many types such as socioeconomic needs and physical needs
- 11. comprises all naturally occurring resources as well as geographic land
Down
- 1. - alternate choices people face when making an economic choice.
- 2. that can enhance one’s power to perform economically useful work.
- 3. the creation of a business and to run it in order to create a profit.
- 4. Possibilities Frontier - a graph that shows different combinations of the output of two goods that can be produced using available resources.
- 5. something that is desired
- 8. that can motivate a person to do something, especially in economics where financial motivations are used to get someone to do something.