Midterm Examination in Economics (Part 1)

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Across
  1. 4. the work and time for which employees are paid.
  2. 5. refers to any property and assets of a person that have a useful value
  3. 8. is the study of the entire behavior of the economy
  4. 9. it includes natural resources such as timber, oil, coal, iron, soil and water as well as the ground in which these resources are found.
  5. 10. a scientific study, which deals with how individuals and society generally make choices.
  6. 12. work that is performed for someone.
  7. 13. the process of trading goods and services for money
  8. 14. tangible commodity. These are bought, sold, traded and produced.
  9. 15. refers to the utilization of goods and services by any individual to satisfy human wants.
Down
  1. 1. is the use of inputs to produce outputs.
  2. 2. is the study of economics which deals with the behavior and activities of individuals in specific units
  3. 3. man-made goods used to produce other goods or services.
  4. 6. deals with the allocation of the social or national income among the different factors of production
  5. 7. simply the desires of citizens
  6. 11. these are basic requirements for survival