Unit 1
- Created by: angela.gorgol
- Created on: 19-11-14 22:47
M | I | Q | A | O | P | P | O | R | T | U | N | I | T | Y | C | O | S | T | N | B |
U | U | J | T | P | O | S | L | V | B | C | F | F | P | S | B | R | G | G | J | V |
T | G | L | Q | I | A | I | E | S | Q | D | J | F | Y | Q | N | O | D | S | V | X |
W | J | A | J | F | O | H | Y | A | W | V | H | L | S | S | I | J | R | C | V | J |
B | L | I | N | F | E | R | I | O | R | G | O | O | D | S | F | F | W | H | H | J |
J | J | P | Y | F | V | Y | B | P | S | I | S | P | C | D | F | J | L | W | X | D |
L | A | E | X | T | E | N | S | I | O | N | O | F | D | E | M | A | N | D | I | I |
P | A | G | Q | A | S | Y | V | L | N | K | Q | L | T | A | J | N | L | U | K | V |
M | N | A | T | I | O | N | A | L | M | I | N | I | M | U | M | W | A | G | E | I |
I | G | D | A | S | A | G | E | R | E | Y | B | T | X | K | M | S | U | M | J | G |
C | C | K | A | O | W | S | B | S | F | O | T | E | R | Q | G | V | D | Y | X | K |
P | L | A | N | N | E | D | E | C | O | N | O | M | Y | G | X | X | I | R | X | W |
L | A | W | H | T | Q | G | W | G | Y | C | A | M | M | A | B | H | N | H | L | S |
M | A | R | K | E | T | E | C | O | N | O | M | Y | H | Q | K | T | P | E | V | W |
D | I | S | E | C | O | N | O | M | I | E | S | O | F | S | C | A | L | E | F | I |
Y | S | P | E | C | I | A | L | I | S | A | T | I | O | N | Y | H | F | Y | R | X |
A | A | R | R | P | R | A | H | S | N | K | R | U | U | S | C | M | D | E | K | U |
X | E | C | O | M | P | E | T | I | T | I | V | E | M | A | R | K | E | T | L | M |
M | O | N | O | P | O | L | Y | P | O | W | E | R | A | P | B | Y | Q | S | J | D |
P | G | U | G | N | H | L | G | E | M | X | J | V | J | M | B | A | V | L | J | O |
H | G | D | Q | D | N | C | S | D | H | L | V | A | L | X | K | J | W | V | J | Q |
Clues
- A market situation in which there are a large number of buyers (demand) and sellers (supply) (11, 6)
- A pay floor introduced by the government, which sets a wage level below which producers cannot legally go (8, 7, 4)
- Goods for which the demand falls when income rises. e.g. Bus (8, 5)
- the increase in quantity demanded due to a fall in price (9, 2, 6)
- The next best alternative forgone when making a choice - what we give up when we make a choice (11, 4)
- When a firm grows too large and average costs start to rise (12, 2, 5)
- when a nation or individual concentrates its productive efforts on producing a limited variety of goods (14)
- Where a firm has more than 25% of the market share. e.g. Tesco (8, 5)
- Where all resources are allocated by private individuals and groups (6, 7)
- Where all resources are allocated by the government (7, 7)
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