Chapter 1 What is economics Crossword

something essential for survival
something that people desire but that is not necessary for survival
the physical objects that someone produces
the actions or activities that one person performs for another
the principle that limited amounts of goods and services are available to meet unlimited wants
the study of how people seek to satisgy their needs and wants by making choices
a situation in which consumers want more of a good or services than producers are willing to make available at a particular prices
a person who decides how to combine resources to create goods and services
the resources that are used to make goods and services
all natural resources used to produce goods and services
the effort people devote to tasks for which they are paid
any human made resources that is used to produce other goods and services
the human-made objects used to create other goods and services
the knowledge and skills a worker gains through education and experience
a pharese that expresses the idea that a country has to decide to produce more military goods has fewer resources to produce consumer goods and vice versa
the most desirable alternative given up as the result of a decision
the process of deciding whether to do or use one additional unit of some resources
a decision-making process in which you compare what you will sacrifice and gain by a specific action
the extra cost of adding one unit
the extra benefit of adding one unit
a graph that shows alternative ways to use an economy's productive resources
the use of resources in such a way as to maximize the output of goods and services
the use of fewer resources than an economy is capable of using
an economic principle which states that as production shifts from making one good or service to another, more and more resources are needed to increase production of the second good or service