Economics: How markets work

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

Clues

  • A statement containing value judgement (9, 9)
  • A statement of fact, that can be tested true or false (8, 9)
  • A tax as a percentage of the price of the good (2, 7, 3)
  • 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 resources are allocated by the price mechanism (4, 6, 7)

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