Microeconomics - Booklet 1: Key Terms

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

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)

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all 4.1.1 Economic methodology and the economic problem resources »