Across
- 4. The branch of economics that examines national and global trends
- 5. An economic model illustrating the interaction of supply and demand
- 7. A system in which countries benefit by focusing on what they produce most efficiently
- 8. The value of the next best alternative forgone when a choice is made.
Down
- 1. term describing a situation where improving one person’s well-being harms another’s.
- 2. The branch of economics focused on individual and market-level decisions.
- 3. A condition of limited resources and unlimited wants
- 6. The study of how individuals make decisions to allocate scarce resources.
- 9. curve illustrating trade-offs in production choices.