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Across 3. one person consumes a product will reduce the extent of its availability to other people 5. the goods between the characteristics of private good and public good 7. the demand for something that is essential, such as food or shelter 8. the need to make a decision about the possible alternative uses of the resources, given the existence of scarcity 10. a statement that is based on beliefs and value judgement 12. make decisions of how to allocate the other three factors of production and bear risk in between 15. a person has no incentive to pay for the use of a good, because of the non-exculdable 17. PPC move outwards , an increase in the production potential or real level of output of an economy 18. comes up with every choice, the next best alternative that is forgone, the slope 19. expenditure on capital goods/assets that will generate income in the future 21. a good is non-rival and non-excludable 23. man made tools and machine used to facilitate the production of other goods 25. good that does not have scarcity

Down 1. a situation that exists when price is charged for the good. the producer can exclude consumers from using a particular product by charging a price 2. a free good does not need this, the method to distribute scarce resources in an economy 4. all other things being equal 6. a period of time in which at least one factor of production is fixes 9. the maximum combination of products that are possible to produce in a given period period time with given resource and technology, also known as PPC,PPB 11. a statement that is based on factual evidence , think of your papa. 12. a private good has a feature of relative scarcity 13. a condition where there are insufficient resource to satisfy all the needs and wants of people 14. the demand for something that is less important than the demand for a need, such as a new car 16. a time period that all inputs are variable 20. a good will be under produced if provides in a mkt economy, because of the positive externality 22. mental and physical effort of workforce involved in production 24. a factor of production, whose reward is rent