Across
- 5. any situation where making one choice means losing something else
- 7. the natural, human, and capital re- sources used to make goods and services
- 9. a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology
- 12. a factor of production, similar to labor, as one of the crucial elements in creating goods and services.
Down
- 1. the process of discovering new ways of combining resources
- 2. the potential forgone profit from a missed opportunity
- 3. the general body of wage earners
- 4. something that is desired
- 6. limited productive resources, unlimited wants
- 8. liquid assets
- 10. anything a human being needs for the survival
- 11. money or a prize offered to make someone behave in a particular way