Across
- 1. is the way a society uses resources to satisfy its people's wants
- 3. refers to all natural resources used to produce goods and services
- 5. is the benefit or satisfaction received from using a good or service
- 7. means to make decisions according to the best combination of costs and benefits
- 10. is the alternative people give up when they make choices
- 12. is all of the human effort used to produce goods and services
- 14. are work that one person does for another
- 16. are objects,such as food,clothing,and furniture, that can be bought
- 17. are the resources needed to produce goods and services
- 21. is an economic system in which individual choice and voluntary exchange direct economic decisions
- 22. is a person who buys or uses goods or services
- 23. are desires that can be satisfied by consuming a good or a service
- 24. is an economic system in which the government makes all economic decisions
- 25. is an approach that weighs the benefits of an action against its costs
Down
- 2. is an economics system in which people produce and distribute goods according to customs handed down from generation to generation
- 4. is a maker of goods or a provider of services
- 6. are methods used to encourage people to take certain actions
- 8. is all of the resources made and used by people to produce goods and services
- 9. is the study of how individuals and societies satisfy there unlimited wants with limited resources
- 11. are things that are necessary for survival
- 13. is the value of something that is given up to get something else that is wanted
- 15. involves the vision,skills,and risk-taking need to create and run businesses
- 18. is the additional cost of using one more unit of a product
- 19. exists when there are not enough resources to satisfy human wants
- 20. is the additional satisfaction from using one more unit of a product