Across
- 4. to make decisions according to what you believe is the best combination of costs and benefits
- 7. all the resources made and used by many people to produce and distribute goods and services
- 8. economics a way of describing what economic behavior ought to be,not what it actually is
- 9. model simplified representations of complex economic activities, systems,or problems
- 10. economics a way of describing and explaining economics as it is, not as it should be
- 12. term goal what to have in the future
- 16. fund a type of short term goal
- 17. desires that can be satisfied by consuming a good or service
- 18. the possibility of loss
- 19. cost the value of the next best alternative or what you give up by choosing one alternative over another
- 21. the benefit or satisfaction gained from the use of good or service
- 22. term goal something you want to do in the near future
- 23. numerical data or information to see patterns or behavior
- 24. benefits offered to encourage people to act in certain ways
- 25. the condition in which economic resources are being used to produced the maximum amount of goods and services
Down
- 1. cost the cost of using one more unit of a good or service
- 2. a person who makes goods or provides services
- 3. work that one person performs for another payment
- 5. buy something you gain money from
- 6. all the human time,effort,and talent that go into the making of products
- 11. the condition in which economic resources are not being used to their full potential
- 13. things,such as food,clothing,and shelter, that are necessary for survival
- 14. the economic resources needed produce goods and services
- 15. a person who buys goods or services for personal use
- 20. a person who makes goods or provides services