Nicholas Schauer CH 1.2 Crossword

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Across
  1. 1. when individuals receive their income from the resources they sell, they then spend it in
  2. 5. takes place when work is arranged so that individual workers do fewer tasks
  3. 7. key feature of a circular flow
  4. 10. occurs when a nation's total output of goods and services increases over time
  5. 12. early economists were puzzled by a contradiction between necessities and value
  6. 15. takes place when factors of production perform tasks that they can do more efficiently than others
  7. 17. one of the main contributions to productivity
  8. 18. refers to a worth that can be expressed in dollars and cents
Down
  1. 2. when manufactured goods are used to produce other goods
  2. 3. work that is performed for someone
  3. 4. measure of the amount of output produced
  4. 6. where individuals earn their incomes
  5. 8. the american economy has a remarkable degree of
  6. 9. is intended for final use by individuals
  7. 11. item that is economically useful or satisfies an economic want
  8. 13. goods and services that are useful
  9. 14. capacity to be useful and provide satisfaction
  10. 16. products that are tangible, scarce, useful, and transferable from one person to another