Across
- 4. return of capital
- 6. return of land
- 7. price ________: a price control which be set below the market price
- 8. goods are said to be _________ if they can replace each other to satisfy the same want
- 9. a branch of economics studying individuals and firms in making decisions
- 10. a factor of production whose return is called profit
- 13. ________ statements involves value judgements
Down
- 1. highest valued option forgone
- 2. _________ goods: Goods that see an increase in demand when income rises
- 3. _______ statements are refutable by facts
- 5. where quantity demanded equal quantity supplied
- 11. appears when quantity demanded is greater than the quantity supplied
- 12. _________ goods: Goods that see an decrease in demand when income rises