Economics Vocab

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Across
  1. 5. to distribute
  2. 7. a decision where the marginal benefit is greater than the marginal cost
  3. 8. A style of economy that displays characteristics of both command and market, but leans toward market.
  4. 10. An item that isn't commonly found.
  5. 11. What you get out of doing something; inspiration.
  6. 12. the loss of potential gain from other alternatives when one alternative is chosen.
Down
  1. 1. Voluntarily exchange items, but both items have to be valid and function properly.
  2. 2. What to make? Who are you making it for? How to produce it?
  3. 3. Social science interaction between 3 groups, regulated, and provides tradeoffs in a mixed market system.
  4. 4. accepted form of payment.
  5. 6. Entrepreneurship, land, labor, and capital
  6. 9. Options you have; this or that.