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