Econ Crossword

_______ is the problem that human wants exceed the production possible with the limited resources available.
The inputs that make production possible.
The physical and mental efforts that people contribute to production.
Developed ability that increases a person's productivity.
A(n) _________ changes the benefit or cost associated with an action
The value of the best alternative surrendered when a choice is made
The fall in total surplus that results from a market distortion, such as a tax
Uncompensated impact of one person's actions on the well-being of a bystander
Cost that has already been committed and cannot be removed
Firm that is the sole seller of a product without any close substitutes
Total revenue minus total explicit cost
Group of buyers and sellers of a particular good or service