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Across 2. manufactured goods and resources used to produce goods and services 5. actions one person does for another, like cutting your hair 7. process that combines economic resources so the result is a good or service that is available for sale 10. something a person would like to have, but is not necessary for survival 11. the process of getting a product or service to the consumers 16. the study of the economy as a whole 17. the study of how people make decisions, based on needs and wants, due to limited resources. 20. underproduction, excess resources; not reaching full potential 22. occurs when the economy is utilizing all of its resources efficiently 24. using our limited resources wisely 25. where goods and services produced by businesses are sold to households 28. at the current price, people want to buy more than suppliers want to sell

Down 1. is a type of economic efficiency in which producers produce only those types of goods and services that are more desirable in the society while in high demand 3. basic economic problem because of limited resources and unlimited wants/needs 4. the process of using a product or service 5. if an economy faces a constant opportunity cost of one producing one of the goods, the production possibilities frontier would be represented by this 6. physical items, like food 8. the natural resources used in making a product 9. the curve 12. value of the next best alternative that was chosen 13. the study of the individual consumers and business 14. work people are paid to do to produce goods and services 15. something a person cannot live without 18. people who decided how to combine resources to create new goods and services 19. what you give up in order to get something else 21. gains 23. refers to markets where services of the factors of production are bought and sold such as the labor markets, the capital market, the market for raw materials 26. loses 27. moving the ppc outward or inward to increase or decrease the amount of resources 29. the maximum output of a combination of goods and services that can be produced from a fixed amount of resources in a given period of time