Foundation Course - Economics - Crossword 1

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Across
  1. 1. Adam Smith is widely regarded as the father of __________.
  2. 4. Economics is the study of how societies use __________ resources.
  3. 7. Adam Smith’s famous book is titled ‘An Inquiry into the Nature and Causes of the Wealth of __________’.
  4. 8. Initial utility is always __________.
  5. 9. The law of diminishing marginal utility states that as consumption increases, utility __________.
Down
  1. 2. __________ focuses on individual decision-making units like households and firms.
  2. 3. Utility is measured in __________.
  3. 5. Macroeconomics studies the economy as a __________.
  4. 6. Utility refers to the __________-satisfying capacity of a commodity.