Across
- 5. Situation where resources are limited but wants are unlimited.
- 9. Making a decision between two or more options.
- 10. Branch of economics that studies the economy of a country or the world.
- 11. Physical products that people buy or use.
Down
- 1. The value of the next best option you give up when choosing.
- 2. Things people would like to have but can live without.
- 3. Study of how people use limited resources
- 4. When prices increase over time and money buys less.
- 6. Materials or money used to produce goods and services.
- 7. Branch of economics that studies individuals, businesses, and small markets.
- 8. Things people must have to survive, like food, water, and shelter.