Across
- 2. To "make decisions according to what you believe is the best combination of costs and benefits."
- 6. A person who buys goods or services for personal use.
- 7. A person who makes goods or provides services.
- 8. The benefit or satisfaction received from using one more unit of a good or service.
- 10. Desires that can be satisfied by consuming a good or service.
- 13. All the resources made and used by people to produce and distribute goods and services.
- 15. Things, such as food, clothing, and shelter, that are necessary for survival.
- 16. The economic resources needed to produce goods and services.
- 18. Physical objects that can be purchased, such as food, clothing, and furniture.
- 19. The value of the next-best alternative, or what you give up by choosing one alternative over another.
Down
- 1. Includes all the natural resources found on or under the ground that are used to produce goods and services.
- 2. The combination of vision, skill, ingenuity, and willingness to take risks that is needed to create and run a business.
- 3. The cost of using one more unit of a good or service.
- 4. The study of how people choose to use scarce resources to satisfy their wants.
- 5. The situation that exists when there are not enough resources to meet human wants.
- 6. The practice of examining the costs and the expected benefits of a choice.
- 9. Benefits offered to encourage people to act in certain ways.
- 11. Work that one person performs for another for payment.
- 12. The alternative that you give up when you make an economic choice.
- 14. All the human time, effort, and talent that go into the making of products.
- 17. The benefit or satisfaction gained from the use of a good or service.
