Across
- 2. Generally associated with machines and other capital goods
- 6. Only has value because the government says it does.
- 8. The recommended way to hold food while slicing
- 9. When buyer and seller agree to do business together
- 11. A type of business operated for the mutual benefit of the owners
- 12. Persons or institutions to whom money is owed
- 13. The strategy of holding different investments to minimize risk
- 16. The desire, ability, and willingness to buy a product
- 18. Determined by the relationship between surplus and shortage
- 19. The amount of output in a specific amount of time with a given amount of resources
Down
- 1. The amount of a product offered for sale at all possible prices in a market
- 3. The value of the next best alternative
- 4. The extra cost of producing one more unit of output
- 5. Market in which goods and services are sold illegally
- 7. Assets that can be converted to cash with little or no interest payments
- 10. The combination of scarcity and utility of a product
- 12. Physical items used as a medium of exchange
- 14. A company with four or more businesses that make unrelated products
- 15. A general rise in the level of prices over time
- 17. The most common example of division of labor