Unit 1 Quiz Crossword
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
 
 
Down: 2) people will derive less and less satisfaction from each additional unit of a good purchased3) talents and efforts of people to produce goods5) want satisfying power of a good6) COMPLIMENTARY GOOD = PRODUCTS OR SERVICES THAT ARE USED TOGETHER8) spending for accumulation of capital9) an economic system in which resources are public, government owned10) Economic Resources16) when one can produce a good at a lower opportunity cost17) curve showing combo of two goods19) an increase in the price of a product causes less quantity demanded20) a market in which households sell and firms buy resources21) chart showing amount of goods buyers wish to purchase at various prices24) products and services that satisfy human wants directly27) outward shift of PPC, increase in quantity of resources28) any mechanism that brings together buyers and sellers29) products and services that do not satisfy human wants directly30) line showing amount consumers desire of a certain good31) measurement of how much one variable affects another36) human made resources Across: 1) factors that indicate consumer choice3) Natural resources4) amount by which quantity supplied exceeds quantity demanded7) choices we have to make because of limited resources11) products that can be used in place of each other12) human resources that innovate13) Amount producers are willing to sell14) a change in price of similar good changes the relative price of the other good15) an economic system in which resources are private18) factors that determine quantities supplied22) use of all available resources23) production of good increases, opportunity cost of producing another unit rises25) when one can produce more of a good26) The land, labor, capital, and entrepreneurial abilities32) amount of other products given up to produce another one33) a change in price of a consumer good changes a consumer's purchasing power and thus the quantity of good purchased34) When one concentrates on the activity one is better at doing35) an economic system where resources are used by tradition and customs37) a market in which products are sold by firms and bought by households38) amount consumers are willing to buy39) increase in product will increase quantity supplied
 

 

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