| __ | 1. | money | | A. | what is given up when an economic choice is made |
| __ | 2. | national economy | | B. | the imbalance between unlimited wants and limited resources |
| __ | 3. | needs | | C. | items or services which are necessary for survival. (necess |
| __ | 4. | opportunity cost | | D. | management of resources for the entire country. |
| __ | 5. | producer | | E. | medium of exchange which can be used to measure value as a m |
| __ | 6. | profit | | F. | difference between production costs and revenues. |
| __ | 7. | revenues | | G. | creator of goods or provides services. |
| __ | 8. | scarcity | | H. | the full amount of money received for a product or service. |
| __ | 9. | services | | I. | work done by professionals. |
| __ | 10. | shortage | | J. | limited supply and high demand |