Economics: How markets work

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

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)
  • 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 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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