Economics: How markets work

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

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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