Economics crossword

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Across
  1. 2. goods which are scarce because their use has an opportunity cost.
  2. 5. the interaction of demand and supply to resolve the issue of scarcity and infinite wants
  3. 6. a statement that can be tested for being true or false by referring to available evidence/ an objective statement
Down
  1. 1. the difference between the market price and the lowest price firms are willing to sell at.
  2. 3. goods which are unlimited in supply and which therefore has no opportunity cost.
  3. 4. an economic problem that arises because people have unlimited wants but resources are limited.
  4. 6. a curve that shows the maximum combination of two goods that can be produced in an economy if all resources are used fully and efficiently.