Across
- 4. The general body of wage earners.
- 8. Natural human,and capital re- sources used to make goods and services.
- 10. The fact that budgeting inevitably involves sacrificing some of X to get more of Y.
- 11. liquid assets
- 12. Anything that motivates a person to do something.
Down
- 1. A curve illustrating the varying amounts of two products that can be produced when both depend on the same finite resources.
- 2. Aggregates capital and labor in order to produce goods or services for profit.
- 3. something that is desired
- 5. The value of the next-best alternative when a decision is made; it's what is given up.
- 6. Demand for a good or service is greater than the availability of the good or service.
- 7. something needed to survive
- 9. resource that encompasses The natural resources used in production.