Across
- 3. - Anything that can be bought and sold.
- 5. - A service or other asset used to produce goods and services that meet human needs and wants.
- 6. - The study of how people use limited resources to satisfy unlimited wants
- 8. - Work that someone/something is willing to pay for.
- 10. - Highest value alternative that must be given up when scarce resources are used for one purpose instead of another.
- 12. - Additional satisfaction (benefit) or utility (cost) lost from consuming an additional unit of a good or service.
- 14. Economics - Economic study based on an opinion or a set goal to be achieved
- 15. - Additional satisfaction (benefit) or utility (cost) gained from consuming an additional unit of a good or service.
- 16. - A system used to manage limited resources
- 17. - Something that motivates a person/thing to take particular a course of action
- 18. - Study of “the economy” as a whole
Down
- 1. - Way to compare the costs of an action with the benefits of that action
- 2. Economics - Economic study based on scientific method and math
- 4. - Something that is gained
- 7. - Something that is spent
- 9. - The exchange of one benefit or advantage for another that is better.
- 11. - The result of people having limited resources but unlimited wants.
- 13. - Study of how individual consumers and firms make choices.