Economics Unit 1

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Across
  1. 2. every ___ is a no to something else
  2. 4. _______ capital--knowledge and skills gained by workers through education and experience
  3. 6. monetary or non-monetary gain received because of an action taken or a decision made
  4. 8. human produced things used to create other things
  5. 12. Tangible, physical objects
  6. 13. one more
  7. 15. any point below the PPF
  8. 18. costs and benefits that can be easily quantified
Down
  1. 1. intangible actions or activities
  2. 3. Rewards or penalties that influence decisions and behavior
  3. 5. the degree of uncertainty that a choice will result in the expected outcome
  4. 7. _______ of production--the resources used to produce goods and services
  5. 9. human physical and mental effort
  6. 10. costs and benefits that cannot be easily quantified
  7. 11. human wants for goods and services exceed the quantity that can be produced with available resources
  8. 14. a conclusion reached after considering alternatives and their results
  9. 15. any point above the PPF
  10. 16. an outer limit or border
  11. 17. what must be given up to obtain something