economics unit 1 edexcel flashcards
- Created by: Samuel Haddon
- Created on: 20-11-12 20:09
| R | R | Y | L | U | S | W | F | N | C | G | C | T | D | F | D | T | R | F | P | E |
| R | X | M | A | C | X | N | H | X | U | Y | K | N | N | J | I | D | W | I | H | R |
| U | I | O | B | D | V | H | G | L | W | K | J | E | E | E | V | N | U | B | J | V |
| M | N | N | O | A | R | E | K | C | E | Q | F | M | G | A | I | A | G | T | E | D |
| N | D | O | U | V | E | G | A | O | W | S | H | E | A | F | S | M | I | C | U | K |
| B | I | C | R | M | N | A | O | N | O | U | T | T | T | U | I | E | V | I | N | Y |
| V | R | E | I | A | E | R | B | S | Y | L | Q | A | I | A | O | D | E | J | G | S |
| T | E | T | M | B | W | K | O | U | C | P | O | T | V | O | N | E | N | O | M | X |
| W | C | E | M | B | A | M | J | M | K | R | C | S | E | A | O | V | C | U | J | F |
| B | T | K | O | Y | B | P | I | E | H | U | C | E | S | G | F | I | D | V | T | P |
| R | T | R | B | V | L | E | X | R | R | S | O | V | T | S | L | T | W | Y | K | U |
| Y | A | A | I | Q | E | A | S | S | J | R | Y | I | A | M | A | C | L | E | I | A |
| E | X | M | L | X | R | W | C | U | D | E | N | T | T | M | B | E | O | K | Y | E |
| A | A | E | I | U | E | D | W | R | O | C | G | I | E | K | O | F | J | L | K | C |
| O | T | E | T | Q | S | W | I | P | A | U | Q | S | M | M | U | F | Q | E | P | V |
| Y | I | R | Y | A | O | Q | Y | L | U | D | I | O | E | J | R | E | Y | W | P | D |
| P | O | F | A | O | U | J | V | U | W | O | U | P | N | B | G | U | Q | I | H | B |
| X | N | Y | C | D | R | S | R | S | R | R | R | P | T | R | Q | T | W | W | L | X |
| Y | B | B | I | I | C | Y | Q | K | Q | P | L | K | S | R | Q | X | K | X | M | X |
| X | R | D | H | E | E | A | K | F | U | J | P | Y | Y | W | E | N | W | B | Q | K |
| Q | M | Y | L | U | U | P | Q | R | N | O | T | K | E | Q | H | N | K | G | P | T |
Clues
- A form of specialisation where production is broken down into a series of tasks which are conducted by different workers (8, 2, 6)
- A resource whose stock level can be maintained over a period of time (9, 8)
- A tax levied on the purchase of goods and services (8, 8)
- A value free statement that can be proved or disproved by references to facts (8, 9)
- A value judgement statement which cannot be proved or disproved by reference to facts (8, 10)
- An economy in which the allocation of resources is souly based on the willingness and ability to pay. Allocation is left to the price mechanism (4, 6, 7)
- Mobility of labour refers to the ability of workers to change from one job to another, both geographically and occupationally (6, 10)
- The difference between the price a consumer is prepared to pay for a good and the price they actually pay (area above price line) (8, 7)
- The difference between the price a producer is willing to sell their good for and the price they actually sell it for (area below price line) (8, 7)
- The quantity of a good or service that consumers are actually buying at the current market rate (9, 6)
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