Across
- 2. Something that is desired.
- 4. How much output can be produced with a given set of inputs.
- 8. The process of developing, organizing, and running a new business.
- 9. Any natural resource used to produce goods and services.
- 11. Liquid assets
- 12. A graph that shows all the different combinations of output of two goods.
Down
- 1. Benefits or costs of an action that influence people's decisions and behavior.
- 3. The demand for a good that's greater than the availability.
- 5. Anything a human needs for survival.
- 6. Budgeting that inevitably involves sacrificing some of X to get more of Y.
- 7. The value of the next-highest-valued alternative use of that resource.
- 10. The general body of wage earners.