Microeconomics - Booklet 1: Key Terms

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C K T X D N D J S J X B E N G R U D X Y S
H G W U N O J A C F C L G N F E V N U H G
N A S I D R S K A M E G Q H U S I D S I K
T E I K O J H R R P E V H N V O P J C Y D
K R S D I D U B C H Y A W X U U Y F I C B
V M J Y V P X K I J K U T S X R S J M D C
I N E M B D M U T N Y E B A E C D A O R S
G W P O U T O R Y Y I Y P B A E J T N J E
L U S N I I S M N P C K S J W A Y N O V C
E D B O R Q I H E F E K N Y P L Y C C Q K
T M D C G R U G T S H L V T E L B Q E K P
E F T E P K H L C K P B K G T O D D E Y F
X O Y T P B W E L X P J N M H C H B V P L
Y J C E N X P O H L G Q G K N A O L I U I
X W J K X W L B E M K O L X B T Q B T B T
P V V R R S P I U O W W S L M I G F I Q X
Y G N A R J T R A D V A W Q M O X Y S Y A
O F Y M E Y E W X T X H H D K N V E O L R
B B G M R C U T K C Y B M H T T P I P T R
L A I A U F E X V Y J B E B U Q B I U F J
H Q P T T U Y G J H P K M X M W M V Q M B

Clues

  • A situation that arises due to unlimited wants and limited resources (8)
  • An economy where the market forces of supply and demand guide the allocation of resources (6, 7)
  • Statements about what is i.e. about facts (8, 9)
  • The way in which society's productive assets are used amongst their alternative uses (8, 10)

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