Across
- 2. the extra or additional costs or benefits of a decision
- 3. things that people desire to have
- 6. something that encourages or motivates a person to take action
- 8. unable to be felt by touch
- 10. an explanation of how something works, designed to answer a question for which there is no obvious answer
- 12. a means for deciding who gets what portion of the available resources and goods
- 14. anything that satisfies a person's wants or brings satisfaction; also tangible products
- 16. the science that studies the choices of people trying to satisfy their wants in a world of scarcity
- 18. the most highly valued opportunity or alternative forfeited when a choice is made
- 20. a condition in which our wants are greater than the resources available to satisfy them
Down
- 1. the branch of economics that deals with human behavior and choices as they relate to the entire economy
- 4. tasks that people pay others to perform for them
- 5. the special talent that some people have for searching out and taking advantage of new business opportunities and for developing new products and new ways of doing things
- 7. produced goods that can be used as resources for further production
- 9. a situation in which more of one thing necessarily means less of something else
- 11. anything that is used to produce goods or services
- 13. able to be felt by touched
- 15. the branch of economics that deals with human behavior and choices as they relate to relatively small units-an individual, a business firm, or a single market
- 17. the quality of bringing satisfaction or happiness
- 19. the physical and mental talents that people contribute to the production of goods and services; ex. truck driver, accountant, lawyer