Microeconomics September Test 3.0 / 5 based on 1 rating ? Business Studies & EconomicsMicroeconomicsASOCR Created by: SimoneCreated on: 29-09-13 18:38 65389104217 Across 1. anything generally accepted my means of payment for the delivery of goods or for the settlement of debt (5) 4. process whereby goods or services are traded (8) 5. this economic systems allocates resources through the market factors of supply and demand (6, 7) 7. shows the maximum combination of two goods in a time period given all resources are fully and efficiently used (3) 9. bought by businesses to be used in the production of other goods (7, 5) Down 2. studies how individuals, firms and governments make choices on allocating scarce resources to satisfy their unlimited want (9) 3. Portable, Acceptable, Divisible, Durable, Limited, Extremely hard to forge, Recognisable (15) 6. bought by individuals - durable or non-durable (8, 5) 8. the concentration or workers, firms or economies on a narrow range of goods/services (14) 10. sacrifice, the cost of the next best alternative forgone (11, 4)
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