Economics: How markets work

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

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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