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"Economics Theme 1": HTML5 Crossword |
Across1. Where some resources are owned and allocated by the private sector and some by the public sector (5,7)
6. All other things being equal (7,7)
10. A resource whose stock level can be replenished naturally over a period of time (9,8)
12. The quantity of a good or service purchased at a given price over a given period of time (6)
13. When an individual, firm, region or country concentrates on the production of a limited range of goods and services, or in one part of the production process. (14)
15. A good that directly provides utility to consumers. It is wanted for the satisfaction it gives, for it's own sake, rather than for what it could produce (8,4)
16. There are finite resources compared with infinite human wants, so choices have to be made about how to use those resources (8)
18. The utility or satisfaction obtained from consuming one extra unit of a good or service (8,7)
19. Where consumers and producers come into contact with each other to exchange goods and services (6)
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Down2. The specialisation of workers on specific tasks in the production process (8,2,6)
3. Shows the quantity of a good or service that would be bought over a range of different price levels in a given period of time (6,5)
4. Where all resources are privately owned and allocated via the price mechanism. There is no Government Intervention. (4,6,7)
5. A good that is used to produce consumer goods or services, such as machinery. It is wanted not for it's own sake, but rather for the consumer goods and services it can produce (7,4)
7. The value of the next best alternative foregone (11,4)
8. Where consumers allocate their expenditure on goods and services to maximize utility, and producers allocate their resources to maximize profits (8,8,6)
9. The amount of satisfaction obtained from consuming a good or service (7)
11. Where there is a public owner of resources and these are allocated by the Government (7,7)
14. Based on facts which can be tested as true or false and are value free (8)
17. Based on value judgements which cannot be tested as true or false (9)
18. Anything that is generally acceptable in the payment of a good or service, or of a debt. (5)
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ACROSS
1. Where some resources are owned and allocated by the private sector and some by the public sector (5,7)
6. All other things being equal (7,7)
10. A resource whose stock level can be replenished naturally over a period of time (9,8)
12. The quantity of a good or service purchased at a given price over a given period of time (6)
13. When an individual, firm, region or country concentrates on the production of a limited range of goods and services, or in one part of the production process. (14)
15. A good that directly provides utility to consumers. It is wanted for the satisfaction it gives, for it's own sake, rather than for what it could produce (8,4)
16. There are finite resources compared with infinite human wants, so choices have to be made about how to use those resources (8)
18. The utility or satisfaction obtained from consuming one extra unit of a good or service (8,7)
19. Where consumers and producers come into contact with each other to exchange goods and services (6)
DOWN
2. The specialisation of workers on specific tasks in the production process (8,2,6)
3. Shows the quantity of a good or service that would be bought over a range of different price levels in a given period of time (6,5)
4. Where all resources are privately owned and allocated via the price mechanism. There is no Government Intervention. (4,6,7)
5. A good that is used to produce consumer goods or services, such as machinery. It is wanted not for it's own sake, but rather for the consumer goods and services it can produce (7,4)
7. The value of the next best alternative foregone (11,4)
8. Where consumers allocate their expenditure on goods and services to maximize utility, and producers allocate their resources to maximize profits (8,8,6)
9. The amount of satisfaction obtained from consuming a good or service (7)
11. Where there is a public owner of resources and these are allocated by the Government (7,7)
14. Based on facts which can be tested as true or false and are value free (8)
17. Based on value judgements which cannot be tested as true or false (9)
18. Anything that is generally acceptable in the payment of a good or service, or of a debt. (5)
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