Economics Quiz Crossword

Includes all the natural resources found on or under the ground that are used to produce goods and services.
The study of how people satisfy their wants.
All the human time, effort , and talent that go into the production of goods and services.
Benefit or satisfaction gained from using a good or service
Desires that can be met by consuming products
The value of the best alternative forgone in making any choice
Estimated expenditure on the use of self own factors is known as _______ cost
Total product starts declining, when marginal product is
Total value of all the goods and services produced in a country in one year
An economic system in which individuals control the production and distribution of goods and services
Measures the responsiveness of demand and supply to a change in price
A process of persistently rising price eroding the purchasing power of money
market where there are only a few suppliers and the actions of one affects the other
Ways of limiting trade by tariffs, quotas and embargoes
A source of supply, support, or aid, especially one that can be readily drawn upon when needed
Too much supply or stock
Goods that individuals and households consume are called
Benefits that encourage people to act in certain ways
Decisions on how to make use of scare resources to satisfy unlimited wants