Economics Unit 1

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Across
  1. 6. Points outside the line on a PPF
  2. 8. Quantity demanded exceeds quantity supplied
  3. 10. Points inside the line on a PPF
  4. 12. A limited resource
  5. 13. The study of the economy as a whole, global
  6. 15. Human made resources used to produce something else
  7. 17. Analogy used to describe trade-offs
  8. 18. Items required for survival
  9. 19. Desired, not required
  10. 20. Physical objects such as clothes or shoes
Down
  1. 1. The alternative when we make a choice
  2. 2. Economic study of individuals and firms
  3. 3. An economy based on exchange or trade
  4. 4. Skills and knowledge gained by workers
  5. 5. Combines land labor and capital to produce other goods
  6. 7. Producing the maximum output with available resources
  7. 9. Business owned by stockholders
  8. 11. The government controls this economy
  9. 14. Limited resources to meet unlimited wants
  10. 16. Another limited resource