Mini Society vocab

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Across
  1. 5. refers to the human resources that assume the risk of organizing other resources to produce goods and service.
  2. 7. market exists whenever buyers or sellers exchange goods and service
  3. 8. is the trading of goods and service with people for other goods and service for money.
  4. 10. are objects that can satisfied people’s wants
  5. 11. Resources are goods made by people and used to produce other goods.
  6. 12. is the study of how people use resources to produce and distribute goods and service.
  7. 14. are goods and service bought from sellers in another nation
  8. 15. is the direct trading of goods and service
Down
  1. 1. are goods and service produce in one nation but sold to buyers in another.
  2. 2. is an increase in the average price level of goods band service.
  3. 3. is the schedule of how much consumers are willing and able to buy at all possible prices in a given period of time.
  4. 4. Resources represents the quantity and quality of human efforts directed towards producing goods and service.
  5. 6. Trade is the exchange of goods and service between people and institutional in different nations
  6. 9. Choice occurs whenever someone makes a personal decision to use limited resources.
  7. 13. are peoples whose wants are satisfied by using goods and service