Microeconomics - Booklet 1: Key Terms

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

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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