Vocab Lesson 4 quiz

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Across
  1. 1. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
  2. 4. the state of being scarce or in short supply; shortage.
  3. 7. analysis a systematic, data-driven process used to evaluate decisions, projects, or policies by comparing total expected costs against total anticipated benefits, usually expressed in monetary terms
  4. 8. economics the objective, fact-based branch of economic analysis that describes, explains, and predicts economic phenomena
Down
  1. 2. economics a branch of economics that focuses on subjective, value-based judgments
  2. 3. the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services
  3. 5. a balance achieved between two desirable but incompatible features; a compromise.
  4. 6. a thing that motivates or encourages one to do something.