Across
- 4. to describe the world as it is
- 5. to prescribe how the world should be
- 7. sell/rent to firms for income
- 9. graph that shows how goods and resources are used
- 11. Try to improve the world
- 12. visual model of the economy, shows how dollars flow through markets
- 13. more of one good requires sacrificing more of the other
- 14. rise over the run
- 15. What must be given up to obtain an item
Down
- 1. Study of economy-wide phenomena
- 2. labor land and capitol
- 3. Explain the world
- 6. Simplified version of a complex reality
- 8. Hire to produce goods and services
- 10. Study of Households and Firms