Microeconomics - Booklet 1: Key Terms

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

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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