Across
- 3. The optimal use of resources to maximize output and welfare while minimizing waste.
- 5. The ability to meet current needs without compromising the ability of future generations to meet theirs.
- 7. The level of prosperity, living standards, and quality of life experienced by individuals and societies.
- 8. The dynamic and evolving nature of economies, policies, and outcomes over time.
- 9. The mutual reliance of individuals, firms, and nations in an increasingly connected global economy.
- 11. The involvement of governments or institutions in markets to correct failures, promote equity, or achieve economic objectives.
Down
- 1. Studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources
- 2. The fundamental problem of limited resources relative to unlimited human wants.
- 4. Studies the performance, structure, behavior, and decision-making of an economy as a whole.
- 6. The decisions individuals, firms, and governments make about how to allocate scarce resources.
- 10. The fairness of the distribution of resources, income, and opportunities within an economy.