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Economy Vocab Quiz Crossword
Down
:
1) the part of economy that expressed "ought-to" judgments about economic fairness.
2) everything comes with a cost. when you make one choice you lose the benefits of the other option.
3) when product or decision costs society more than its private cost.
4) wealth in form of money or assets owned by a person or organization.
8) a system used to manage the production, distribution, and consumption of goods and services.
Across
:
5) system were a country's trade/industry's are controlled by private owners, for profit, rather than by the state.
6) the measurement of how changing one economic variable affects others.
7) the use of resources so as to maximize the production of goods and services.
9) identifying the cost and benefits weighing them against each other.
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