Microeconomics - Booklet 1: Key Terms

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

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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