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ERC3_ Crossword

NAME:

DATE:                               BLOCK:
Horizontales
measure of the amount of output produced in a specific time period with a given amount of resources; normally refers to labor, but can apply to all factors of production
division of _________. division of work into a number of separate tasks to be performed by different workers; same as specialization
benefit-cost___________. comparison of the benefits of an action to its cost
meeting place or arrangement through which buyers and sellers interact to determine price and quantity of an economic product; may be local, regional, national, or global
economic ______________. mutual dependence of the economic activities of one person, company, region, or nation on those of another person, company, region, or nation
free ________________ economy. a market economy in which privately owned businesses have the freedom to operate for a profit with limited government intervention
human_____________. sum of people’s skills, abilities, health, and motivation
Economic ___________. increase in a nation’s total output of goods and services over time
Verticales
economic_________. simplified version of a complex concept or behavior expressed in the form of a graph, figure, equation, or diagram
assignment of tasks to the workers, factories, regions, or nations that can perform them most efficiently
________________ of living. quality of life based on ownership of necessities and luxuries that make life easier
something taken for granted; something we think is true
process or means by which something can be accomplished
_____________ markets in which goods and services are bought and sold
_____________ markets in which productive resources are bought and sold