Complete the crossword, then click on "Check" to check your answer. If you are stuck, you can click on "Hint" to get a free letter. Click on a number in the grid to see the clue or clues for that number.

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Across: 1. the study of how individuals and nations make choices about ways to use scarce resources to fulfill their needs and wants 3. reward offered to try to persuade people to take certain economic actions 7. not having enough resources to produce all of the things we would like to have 8. the cost of the next best alternative use of time and money when choosing to do one thing rather than another 10. a system in which private citizens own most , if not all, of the means of production and decide how to use them within legislated limits 12. ____ choice, choosing the alternative that has the greatest value from among comparable-quality products 13. ___ enterprise, economic system in which individuals and businesses are allowed to compete for profit with a minimum of government interference 14. ecomonic model that compares the marginal costs and marginal benefits of a decision

Down: 2. requirements for survival, such as food, clothing, and shelter 4. simplified representation of the real world that economists develop to describe how the economy behaves and is expected to perform in the future 5. things we would like to have, such as entertainment, vacations, and items that make life comfortable and enjoyable 6. the alternative you face if you decide to do one thing rather than another 9. ___ cost- additional or extra cost of producing one additional unit of output 11. ____ benefit, the additional or extra benefit associated with an action