Across
- 5. to an economist, the alternative that is given up because of a decision (it “cost” you hunger pains if you don’t eat lunch)
- 6. an arrangement that allows buyers and sellers to exchange things
- 8. something like air, food, or shelter that is necessary for survival
- 9. the study of the economic behavior and decision making of small units, such as individuals, families, and businesses.
- 10. any human made resource that is used to create goods and services
Down
- 1. the study of the behavior and decision making of the entire economics
- 2. limited quantities of resources to meet unlimited wants
- 3. The study of how people seek to satisfy their needs and wants by making choices
- 4. an item that we desire but is not essential for survival
- 7. using resources in such a way as to maximize the production of goods and services