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Economics

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Across
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_____ growth- sustained period during which a nation's total output of goods and services increases
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Economic______- rely on others and others rely on us to provide goods and services
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A basic requirement for survival
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One of the four key of elements of economics that deals with anticipating what is going to happen in the future
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The dollar value of all goods and services, and structures produced within a country's borders in a 12 month period
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The cost of the next best alternative use of money, time, or resources when one choice is made rather than another
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_____ good- good used for producing other things, ex. laptop
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Location or other mechanism that allows buyers and sellers to exchange a certain economic product
Down
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_____ good- used by people, ex. Pepsi
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Work that is performed for someone
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The fundamental economic problem
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A worth that can be expressed in dollars and cents
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Factor of production that includes natural resources not created by humans
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The quality of life based on the possession of the necessities ad luxuries that make life easier
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Measure of the amount of output produced by input in time
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An accumulation of goods that are tangible, scarce, useful, and transferable from one to another(doesn't include services)