Across
- 2. Sum of people's skills
- 4. Capacity to be useful
- 5. There is no such thing as a free lunch
- 6. A good intented for 3+ years of working
- 7. Alternate choices
- 10. Human effort
- 11. good Goods intended for final use by an individual
- 13. A location or other mechanism that allows buyers and sellers to exchange goods
- 15. Something that we'd like to have, but is not necessary for survival
- 17. Tools used to produce goods and services
- 18. final dollar value of all final goods and services
- 20. Work performed for someone
- 22. People who use goods and services to satisfy their demands of wants and needs.
- 25. Simplified visual to show how something works
Down
- 1. Three basic economic questions
- 3. Four factors of production
- 8. A good that lasts less than 3 years
- 9. The basic problem in economics
- 12. Basic requirements for survival
- 14. Worth expressed in dollars
- 16. natural resources
- 19. Useful, tangible item
- 21. Someone that does something new with the same resources
- 23. Study of how scarcity affects the use of resources
- 24. A measure of the amount of goods and services produced in a period of time.