Across
- 1. extra or additional costs or benifits of a decision
- 4. land,labor,and capital resources
- 8. building, tools, and machines
- 14. imagination, innovative thinking, and managment skills
- 15. fines or punishment
- 16. gains
- 17. inequality exists between wants and the resources
- 19. soil, minerals, timber, and fresh water
- 21. study of the economy as a whole
Down
- 1. economy relies on voluntary trade
- 2. positive difference
- 3. loses
- 5. cost highest valued alternative given up
- 6. positive rewards for making a choice
- 7. social science that studies people individually and in groups
- 9. exchanging something for something else
- 10. physical and mental efforts
- 11. arrangement that allows buyers and sellers to exchange
- 12. study of individual consumers and business
- 13. process that combines economic resources
- 18. process of getting a product or service to consumers
- 20. using a product or service