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Economic Choices and Decision Making

JKB

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Across
4.the quality of life based on the possession of the necessities and luxuries that make life easier
6.consumers and privately owned businesses, rather than the government, make the majority of the WHAT, HOW, and FOR WHOM decisions
Down
1.a diagram representing various combinations of goods and/or services an economy can produce when all productive resources are fully employed
2.the cost of the next best alternative use of money, time, or resources when one choice is made rather than another
3.a way of thinking about a problem that compares the costs of an action to the benefits received
5.alternative choices

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