Across
- 4. don't need
- 6. a curve on a graph that illustrates the possible quantities that can be produced of two products
- 8. not want
- 9. limited resource including minerals, vegetation, animal life, and climate
- 10. limited
- 11. risk takers who combine land, labor, and capitals into products
- 12. to make goods
Down
- 1. a cost or benefit that motivates a decision
- 2. workers who apply their efforts, ability, and skills
- 3. anything that confers value
- 5. represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.
- 7. an example of opportunity cost