Across
- 4. A society that decides to produce housing for low-income workers has answer the ___ question
- 9. Change in price is less than the change in quantity demanded
- 11. A factory that has decided to rely on automation has answered ___ to produce
- 12. Work or labor performed for someone
- 13. When the price increases the quantity demanded ___
- 14. A society that decides to produce military goods has answered ___ to produce
- 15. ___ of value explains why diamonds are more expensive then water
- 16. Result of a change in Demand
- 17. Combination of traditional, command, and market economies
- 18. Limited resources but unlimited wants and needs
Down
- 1. Below of the left of the PPF
- 2. Government owns some, but not all, of the factors of production
- 3. Products that are used together
- 5. Deals with behavior and decision making by small units
- 6. Good that lasts for at least three years
- 7. Result of a change in Quantity Demanded
- 8. Products that can be used in place of one another
- 10. Change in price is greater than the change in quantity demanded
- 13. Amount consumers are willing to buy at every price
- 15. The only thing that causes a change in quantity demanded
