Across
- 1. the extra cost of adding one unit
- 7. a person or persons who studies economics
- 9. a person who decides how to combine resources to create goods and services
- 11. the effort people devote to tasks for which they are paid
- 13. physical objects that someone produces
- 16. the extra benefit of adding one unit
- 18. principle that limited amounts of goods and services are available to meet unlimited wants
Down
- 2. most desirable alternative given up as a result of a decision
- 3. the actions or activities that one person performs for another
- 4. when consumers want more of a good or service than the producers are willing to make at a particular price
- 5. the act of giving up one benefit to gain a greater benefit
- 6. a phrase to produce more military goods
- 8. any human-made resource that is used to produce other goods and services
- 10. the study of how people seek to satisfy their needs
- 12. a phrase that has fewer resources to produce consumer goods
- 14. something that people desire but is not necessary for survival
- 15. something essential for survival
- 17. all natural resources used to produce goods and services
