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