Across
- 4. Unemployment a longer-lasting form of unemployment caused by fundamental shifts in an economy.
- 5. Unemployment when people who work in seasonal jobs become unemployed when demand for labor decreases.
- 6. Unemployment The result of voluntary employment transitions within an economy
- 7. Benefit maximum amount a consumer is willing to pay for an additional good or service
Down
- 1. Cost The value of the next-highest-valued alternative use of that resource
- 2. of Production The inputs used to produce a good or service in order to produce income.
- 3. Cost the change in total production cost that comes from making or producing one additional unit.
- 5. The demand for a good or service is greater than the availability of the good or service