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NSL CH18 WHAT IS ECONOMICS?

Across
A THEORY THAT TRIES TO EXPLAIN HUMAN ECONOMIC BEHAVIOR
THINGS WE WOULD LIKE TO HAVE SUCH AS ENTERTAINMENT, VACATIONS, AND ITEMS THAT MAKE LIFE MORE ENJOYABLE
THE ADDITIONAL SATISFACTION RECEIVED WHEN ONE MORE UNIT IS PRODUCED
THE PRICE OF A GOOD MULTIPLIED BY THE QUANTITY SOLD
COMPARING THE MARGINAL BENEFITS AGAINST THE MARGINAL COSTS TO MAKE THE BEST DECISIONS
THE STUDY OF HOW WE MAKE DECISIONS IN A WORLD IN WHICH RESOURCES ARE LIMITIED
THE STUDY OF THE BEHAVIOR AND DECISION MAKING OF LARGE UNITS SUCH AS WHOLE INDUSTRIES, SOCIETIES AND GOVERNMENTS
THE ADDITIONAL COSTS OF PRODUCING ONE ADDITIONAL UNIT OF OUTPUT
THE THINGS USED IN MAKING GOODS AND PRODUCING SERVICES
OCCURES WHENEVER WE DO NOT HAVE ENOUGH RESOURCES TO PRODUCE ALL OF THE THINGS WE WANT AND NEED
THE SUM OF ALL FIXED AND VARIABLE COSTS
Down
THE COST OF THE NEXT BEST USE OF YOUR TIME OR MONEY WHEN YOU CHOOSE TO DO ONE THING RATHER THAN ANOTHER
THEY WAY A COUNTRY PRODUCES THE THINGS ITS PEOPLE WANT AND NEED
THINGS THAT ARE REQUIRED FOR SURVIVAL LIKE FOOD, SHELTER, AND CLOTHING
EXPENSES THAT ARE THE SAME NO MATTER HOW MANY UNITS OF A GOOD ARE PRODUCED
THE EXTRA REVENUE THAT RESULTS FROM SELLING ONE MORE UNIT OF OUTPUT
THE STUDY OF THE BEHAVIOR AND DECISION MAKING OF SMALL UNITS SUCH AS INDIVIDUALS AND BUSINESSES
EXPENSES THAT CHANGE WITH THE NUMBER OF ITEMS PRODUCED
THE ALTERNATIVE YOU FACE IF YOU DECIDE TO DO ONE THING RATHER THAN ANOTHER