Microeconomics - Booklet 1: Key Terms

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

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 »