Across
- 4. the study of household and firm behavior and how they interact inthe marketplace
- 5. The natural resources used in the production of goods and services
- 7. A testable proposition
- 12. concentrating on the production of one good, or a few goods
- 13. The study of the whole economy, including the topics of inflation, unemployment, and economic growth
- 14. The study of choices we make among our many wants and desires given our limited resources
- 16. Inputs used to produce goods and services
- 17. intangible items of value provided to consumers, such as education
- 18. when one event brings about another event
Down
- 1. when an economy gets the most out of its scarce resources
- 2. Items we value or desire
- 3. output per worker
- 6. the total amount
- 8. the equipment and structures used to produce goods and services
- 9. something desirable but limited
- 10. The physical and mental effort used in the production of goods and services
- 11. those who combine labor, land, and capital to produce goods and services and assume the risk of running the operation
- 15. when two events occur simultaneously
