Across
- 3. what to produce, how to produce, how much to produce, and for whom to produce
- 6. the quantity of a good or service consumers are willing and able to buy
- 9. tangible (touchable) things such as food, clothing, cars, MP3 players, and DVDs
- 11. the amount left over after costs are subtracted from the price
- 12. cannot be replaced by nature once they are used
- 15. the quanitity of a good or service offered for sale
- 17. customs, habits, and beliefs determine how the four basic economic questions are answered
- 19. the money or property used to produce goods and services
- 20. food, clothing, shelter
- 21. the people who produce goods or provide services
- 22. a limited supply or amount
Down
- 1. individuals answer the four basic economic questions based on supply and demand
- 2. nonrenewable, inorganic substances taht were formed by Earth's geological processes
- 4. the government controls the economy and answers the four basic economic questions
- 5. can replace themselves over time
- 7. come from nature
- 8. the study of the consumption, production, distribution, and exchange of goods and services
- 10. things that people would like to have to make their lives more comfortable
- 13. activities people do for a fee
- 14. occurs when you give up one thing in order to achieve a more desirable outcome
- 16. the person or business that makes the goods or provides the services
- 18. a person who purchases a product or service