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Negative: A ____________ relationship is one that describes a situation when one variable rises and the other falls
Entrepreneurship: The factors that cause a shift of the PPF curve are: Labour, technology, land, capital and _____________
Inefficiently: A point inside the PPF curve means that resources are used ____________
Unattainable: A point outaside the PPF curve is _________________ for an economy given its current amount of resources.
Choice: ________________ represents the combination of 2 goods that they want to produce.
Cap: When the government provides more training, which type of factor of production is the government trying to increase? (Answer is the first 3 letters of the factor of production)
Lab: When the government increases the number of immigrants, which type of Factor of production are they trying to increase? (Answer is the first 3 letters of the factor of production)
Scarcity: ___________ is when our wants are greater than the limited resources available to satisfy those wants.
Needs: _______________ are things that we must have to survive.
Wants: ________________are things we would like to have but not necessarily for our immediate physical survival.
Alternative: Opportunity cost is defined as the next best ______________ foregone.
Across:2. | ________________ represents the combination of 2 goods that they want to produce. | 6. | _______________ are things that we must have to survive. | 7. | The factors that cause a shift of the PPF curve are: Labour, technology, land, capital and _____________ | 8. | When the government increases the number of immigrants, which type of Factor of production are they trying to increase? (Answer is the first 3 letters of the factor of production) | 9. | ________________are things we would like to have but not necessarily for our immediate physical survival. | 10. | A point inside the PPF curve means that resources are used ____________ |
| | Down:1. | A ____________ relationship is one that describes a situation when one variable rises and the other falls | 2. | When the government provides more training, which type of factor of production is the government trying to increase? (Answer is the first 3 letters of the factor of production) | 3. | Opportunity cost is defined as the next best ______________ foregone. | 4. | A point outaside the PPF curve is _________________ for an economy given its current amount of resources. | 5. | ___________ is when our wants are greater than the limited resources available to satisfy those wants. |
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Across:2. | ________________ represents the combination of 2 goods that they want to produce. | 6. | _______________ are things that we must have to survive. | 7. | The factors that cause a shift of the PPF curve are: Labour, technology, land, capital and _____________ | 8. | When the government increases the number of immigrants, which type of Factor of production are they trying to increase? (Answer is the first 3 letters of the factor of production) | 9. | ________________are things we would like to have but not necessarily for our immediate physical survival. | 10. | A point inside the PPF curve means that resources are used ____________ |
| | Down:1. | A ____________ relationship is one that describes a situation when one variable rises and the other falls | 2. | When the government provides more training, which type of factor of production is the government trying to increase? (Answer is the first 3 letters of the factor of production) | 3. | Opportunity cost is defined as the next best ______________ foregone. | 4. | A point outaside the PPF curve is _________________ for an economy given its current amount of resources. | 5. | ___________ is when our wants are greater than the limited resources available to satisfy those wants. |
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© 2014
PuzzleFast.com, Noncommercial Use Only