Economics: How markets work

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  • Created by: samstarrz
  • Created on: 12-04-14 15:20
L O W K R V G D L D W Q T H N B S N L H T
R R B J I R X X Y D Q T N S Y K R P E F I
I E Q B E R K D T O Y H E F W C R O G I F
Q N N M M K V I I O U I M A Y T F S B U L
P E O S I T N V C G S V E O T S P I M X V
C W I O K M G I I C I J T O O O L T D V S
I A T W X M L S T I C O A S R C A I N W S
P B A Y L G G I S T N F T J Y Y D V A V D
M L S M S P O O A S E F S E X T M E M G A
C E I A A S U N L A W D E A E I O S E W H
C R L J A T B O E L P F V J Y N K T D C C
R E A H V S W F Y E I K I C S U P A D R C
R S I K D F S L R N T C T S M T X T E R K
S O C G L B V A A I W G A K W R Q E V U R
C U E Y O Q V B T P V M M F M O S M I O O
M R P J Y K W O I S D K R K M P F E R B O
P C S U L M T U N N L P O A O P T N E W H
B E J R R G J R U G X M N L E O A T D U O
N O N R E N E W A B L E R E S O U R C E X
X U P N V W L O X X P L C L I B C E C A U
H O D X K Y M F B C A J N T I Q Y D I T H

Clues

  • A statement containing value judgement (9, 9)
  • A statement of fact, that can be tested true or false (8, 9)
  • If PED is equal to 1 (7, 10)
  • If you increase price, revenue will increase if... (9, 4)
  • Stock levels are depleted over time due to economic exploitation (3, 9, 8)
  • Stock levels can be maintained over a period of time (9, 8)
  • The demand for the good or service it produces not the labour itself (7, 6)
  • The loss of the value of the next best alternative foregone (11, 4)
  • Where an individual, firm, region, country concentrates on the production of a limited range of goods and services (14)
  • Where the production process is broken down into a sequence of stages and workers are assigned to a particular stage (8, 2, 6)

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