Theme 1 Microeconomics - FULL THEME

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

Clues

  • A luxury is income .... (7)
  • If a point is above the line on the PPF, what is this considered? (12)
  • Inferior goods have a ...... Y.E.D (8)
  • Normal goods have a ...... Y.E.D (8)
  • What happens to disposable incomes in a slump? (4, 7)
  • What happens to utility as consumption increases? (2, 8)
  • What is a normative statement? (2, 7)
  • What is an example of a scarce good? (4)
  • What is the formula for Y.E.D? (0, 6, 2, 2, 6, 2, 1)
  • What is the P.E.D formula? (0, 6, 2, 2, 6, 2, 1)

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Theme 1 resources »