Microeconomics - Booklet 1: Key Terms

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

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