Intro to Economics Review

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Across
  1. 4. the main incentive for business owners
  2. 7. Ones own personal gain
  3. 8. The number of years you can get benefits after the welfare reform act of 1996
  4. 9. The name of the line that shows all production possibilities for an economy (abbr,
  5. 10. The type of good a business will buy on order to produce what they need
  6. 13. government programs that help people in need
  7. 14. All the possible alternative that are rejected when a choice is made
  8. 15. type of economic system in hardline communist countries
  9. 17. government programs intended to help the poor
  10. 19. Using fewer resources than the economy is capable of using
Down
  1. 1. The philosophy that the government should not interfere in the market place
  2. 2. This happens when the PPV moves out
  3. 3. Actions or activities that one person performs for another
  4. 5. Land Labor and capital are examples of these
  5. 6. This makes an economy more efficient
  6. 11. the paid effort people devote to a task
  7. 12. The best of use of resources
  8. 16. most economic systems are classified as
  9. 18. Which type of economic system must deal with the 3 basic economic questions of what. how and for whom?