Microeconomics - Booklet 1: Key Terms

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

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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