Across
- 4. The extra cost of adding one unit.
- 5. The physical objects that someone produces.
- 7. All natural resources used to produce foods and services.
- 12. A person who decides how to combine resources to create goods and services.
- 14. Idea that a country decides to produce more consumer goods.
- 15. All human made resources that are used to produce other goods and services.
- 16. Something that people desire but not necessary for survival.
- 17. The study of how people seek to satisfy their needs and wants by making choices.
- 18. The principle that limited amounts of goods and services are available to meet unlimited wants.
Down
- 1. A situation in which consumers want more of a good or service than producers are willing to make available at a particular price.
- 2. The effort people devote to tasks for which they are paid.
- 3. A person who studies economics and it's trends.
- 6. The most desirable alternative given up as the result of a decision.
- 8. Idea that a country decides to produce more military goods.
- 9. The action or activities that one person performs for another.
- 10. SOmething essential for survival, such as food or medical care.
- 11. The act of giving up one benefit in order to gain another, greater benefit.
- 13. The extra benefit of adding one unit.
