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Across 5. The study of economic actions of individuals and groups of individuals, such as consumers, households and businesses. 6. Deals with statements of value. 8. Hypothesis that has been proven false, but is still accepted by many people 9. That which is sacrificed in order to obtain something else. (2 Words) 11. Assuming that a single factor or person caused an event to occur. (2 Words)

Down 1. Study of how to distribute scarce resources among alternate ends. 2. Deals with facts and direct observation. 3. As the amount of an input is increased, output will increase up to a point, and then start to decrease. (2 Words) 4. The study of the economy as a whole. 7. Limited amount of resources and an unlimited amount of wants 10. Illustrates the maximum possible production of any economy.