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December 17th Exam Crossword Review

Name:______________________________

                       Date: _________ Period:____
Across
A social movement that was aimed at promoting the interests of consumers
Work or labor performed for someone
Fundamental economic problem facing all societies resulting from a combination of scarce resources and people’s virtually unlimited needs and wants
Meeting place or mechanism through which buyers and sellers of an economic product interact to determine price and quantity of an economic product
Productive resources needed to produce goods
An economic system in which government some factors of production and has a role in determining what and how goods are produced
Tools, equipment, and factories used in the production of goods and services
Monetary value of all final goods, services, and structures produced within a country’s national borders during a one-year period
Natural resources or “gifts of nature” not created by human effort
Assignment of tasks to the workers, factories, regions, or nations that can perform them most efficiently
Risk taking individuals who introduce new products or services in search of profits
Something we would like to have but is not necessary for survival
Conversion of state-owned factories and other property to private ownership
A social science dealing with how people satisfy seemingly unlimited and competing needs and wants with the careful use of scarce resources
Cost of the next best alternative use of money, time, or resources, when one choice is made rather than another
Down
An Economic system in which private citizens own and use the factors of production in order to generate profits
An economic and political system in which factors of production are collectively owned and directed by the state
Productive resources needed to produce goods
Alternative that must be given up when one choice is made rather than another
Tangible economic product that is useful, transferable to others, and used to satisfy wants and needs
Ability or capacity of a good or service to be useful and give satisfaction to someone
The division of work into a number of separate tasks to be performed by different workers
Basic requirement for survival, including food, clothing, and shelter
Cost of the next best alternative use of money, time, or resources, when one choice is made rather than another
People with all their efforts, abilities, and skills