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Across
4.human made resource that is used to create goods and services
10.government choices between making military goods or consumer goods
12.someone who combines land, labor, capital and their knowledge to create and market goods and services
13.deciding whether to do or use one additional unit of some resource
15.actions or activities that one person performs for another
16.land, labor, and capital
18.limited quantities of resources to meet unlimited wants
23.using fewer resources for meeting unlimited wants and desires
24.graph that shows alternatives ways to use resources
Down
1.the line on a production possibilities graph that shows the maximum possible output
2.skills and knowledge gained through education and experience
3.all human made goods; tools and buildings
5.law thats states that as we shift factors of production the cost of producing the second item increases
6.most desirable option given up in a decision
7.the study of how peopleseek to satisfy their needs and wants by making choices
8.when a good or service is unavailable
9.an alternative that we sacrafice when we make a decision
11.use of resources that maximizes the output of products
14.physical objects
17.the effort that people devote to a task for which they are paid
19.alternative sacraficed because of an economic decision
20.something necessary for survival
21.natural resources
22.something we desire

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