Across
- 2. Natural resources that are used to make goods and services.
- 3. Anything that can be used to create or manufacture valuable goods or services. factors of production.
- 5. Having an IDEA taking a RISK and producing something people NEED or WANT.
- 10. The possible combinations of two goods that can be produced in a certain period of time under the conditions of a given state of technology and fully employed resources.
- 12. Something like air, food, or shelter, that is necessary for survival.
Down
- 1. The desire for scarce material and services.
- 4. The most desirable alternative given up as the result of a decision.
- 6. Any human-made resource that is used to create other goods or services.
- 7. A situation in which unlimited wants exceed the limited resources available to fulfill those wants.
- 8. The effort that people devote to a task for which they are paid.
- 9. An exchange that occurs as a compromise.
- 11. Things of value that cause certain behaviors and influence decisions.