Unit 1 Econ Vocab

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Across
  1. 2. natural resources
  2. 4. shows alternative ways to use economy's resources
  3. 5. unintended side effect that either benefits or costs someone other than the consumer
  4. 6. how we make choices and how they affect others
  5. 8. human resources
  6. 10. using your resources to produce max amount of goods/services
  7. 12. a thing that we desire but is not a need
Down
  1. 1. study of economics as a whole
  2. 3. unlimited wants limited resources
  3. 7. unavailable goods/services; high demand, low supply
  4. 9. alternative as a result of a decision
  5. 11. a thing that is necessary for survival