Economics: How markets work

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

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 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 resources are allocated by the price mechanism (4, 6, 7)
  • 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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