Unit 1 Review

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Across
  1. 3. capital Any human-made resource that is used to create other goods and services such as tools
  2. 4. the ability of risk taking, recognize the profit opportunity, and the organization of resources for production
  3. 6. Government makes all economic decisions & owns most of the property
  4. 9. the next unit
  5. 11. we have unlimited wants but limited resources
Down
  1. 1. capital Any skills or knowledge gained by a worker through education and experience
  2. 2. cost
  3. 5. the study of how society allocates its scarce resources to satisfy unlimited wants.
  4. 7. A platform exists when buyers and sellers communicate and exchange goods and services for money
  5. 8. All natural resources that are used to produce goods and services
  6. 10. Any effort a person devotes to a task for which that person is paid