omars ch 1.2 crossword

2. The American economy has a remarkable degree of.
3. takes place when work is arranged so that individual workers do fewer tasks than before.
5. the capacity to be useful and provide satisfaction.
8. After individuals receive their income from the resources they sell.
9. is intended for final use by individuals.
11. the sum of the skills, abilities, health, and motivation of people.
12. a measure of the amount of output produced by a given amount of inputs in a specific period of time.
13. work that is performed for someone.
16. an item that is economically useful or satisfies an economic want.
17. occurs when a nation’s total output of goods and services increases over time.

1. takes place when factors of production perform tasks that they can do relatively more efficiently than others.
4. refers to a worth that can be expressed in dollars and cents.
6. goods and services that are useful, relatively scarce, and transferableto others.
7. in an economic sense, is the accumulation of those products that are tangible, scarce, useful, and transferable from one person to another.
10. a location or other mechanism that allows buyers and sellers to exchange a certain economic product.
12. economists were puzzled by a contradiction between necessities and value.
14. the markets where productive resources are bought and sold.
15. When manufactured goods are used to produce other goods and services.