Across
- 2. the study of how governments to make choice to satisfy unlimited wants with limited resources
- 5. products which requires resources to produce them and therefore have an opportunity cost
- 6. the situation where there is not enough to satisfy everyone’s wants
- 8. the next best alternative forgone
- 10. the study of how people and businesses to make choice to satisfy unlimited wants with limited resources
- 14. the different ways in which a particular piece of land could be used
- 15. the education, training,and experience that worker have gained over a period of time
Down
- 1. The number of workers, machines, raw materials and land used to produce these products is limited
- 3. the total value of the output of capital produced
- 4. a curve that shows the maximum output of two types of products and combination of those products that can be produced with existing resources and technology
- 7. the output per worker hour
- 9. related to the ability to move from one place to another
- 11. the value of replacement capital
- 12. the process in which damaged land is restored to its natural state
- 13. an increase in the total output of an economy