Across
- 4. What you give up when you choose one option over another
- 8. The extra benefit gained from consuming one more unit of a good
- 9. Regret after making a purchace
- 11. An economy where the government controls production and distribution
- 12. A model showing the trade off between military and civilian goods
- 14. When workers become more efficient as they gain experience
Down
- 1. The cost of producing one additional unit of a good
- 2. When there isn't enough of a product to meet demand at a certain price
- 3. The different combinations of goods an economy can produce with limited resources
- 5. Having to give up one thing to get something else
- 6. An economy that combines government control with free markets
- 7. An economy where supply and demand decide prices with little government control
- 10. A person who starts and runs a business
- 13. When resources are limited but wants are unlimited