Across
- 2. Limited nature of resources; central problem in economics
- 4. The cost of the next best alternative
- 7. The study of production, distribution, and consumption
- 9. Legendary economist, author of “The Wealth of Nations”
- 10. A situation where one seller dominates the market
Down
- 1. Exchange system where buyers and sellers interact
- 3. General rise in prices over time
- 5. Desire and ability to purchase goods or services
- 6. The total value of goods and services produced in a country
- 8. Amount of a product that producers are willing to sell