Across
- 2. is a social science that studies how people acting individually and in groups, decide to use scarce resources to satisfy their wants
- 3. is means that an inequality exist between whites and the resources available to satisfy them
- 5. is the study of the economy as a whole or the study of individual consumers and businesses
- 9. is a process that combines economics resources so that the result is a good or service that is available for sale
- 10. cost is the highest valued alternative given up as a result of making a choice
- 11. is often related to such thing as fine or punishments Marginal is means the extra or additional costs or benefits of a decision Profit is a positive difference between total sales and total cost, meaning that total sales must be greater than total cost Parentheses profit equal total sales greater than total cost
Down
- 1. is using a product or service, completes the want satisfaction chain
- 4. is an arrangement that allows buyers and sellers to make exchange
- 6. ship is the imagination, intubation thinking, and management skills needed to start and operate a business
- 7. are positive rewards for making some kind of choice or behaving in a certain way
- 8. economy is in economy that relies on voluntary trade as the primary means of organizing and coordinating production