Across
- 1. economists look at the big picture
- 5. outputs such as books and cars
- 7. quality of life based off of possessions of necessities and luxuries
- 8. not enough resources
- 9. used to make goods
- 10. land, water, fish, animals
- 15. comparing the marginal benefit to the marginal cost
- 18. works that produce goods or services
- 19. someone who creates their own business
- 20. resources necessary to produce goods and services
- 21. the total value of all of the goods produced in a country in one year
Down
- 2. theory that explains human economic behavior
- 3. economists look at the small picture
- 4. food, water, shelter
- 6. outputs like haircuts and repairs
- 11. deciding to do one thing or another
- 12. the additional satisfaction after producing additional output
- 13. goods used to make other goods
- 14. entertainment, fun, phone
- 16. the best use of your time and money after you decide to do one thing rather than the other
- 17. the additional cost of producing extra output