Across
- 3. money, time, or training already invested
- 7. money paid for services
- 8. decisions are made by small adjustments
- 11. our wants and our ability to pay for goods are the same
- 14. level of economic prosperty
- 16. a short-term lack of a product
- 17. allocating unlimited wants with limited resources
- 18. an economy that is unrestricted by government
- 19. where supply and demand meet
Down
- 1. medium of exchange
- 2. skills or knowledge possessed by an individual
- 4. a government controls all decisions about commerce
- 5. an economy that uses trade, barter and customs
- 6. the US uses this economic system
- 9. the ratio of input to output
- 10. a permanent lack of resource
- 12. when a worker specializes on one task
- 13. something you give to change behavior
- 15. a possession or thing you own