Economics quiz

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Across
  1. 1. A statement derived from an opinion.
  2. 3. oil and copper are known as this.
  3. 5. A factor of production.
  4. 6. These have a big influence on the decisions made by firms and households.
  5. 7. The extent to which demand changes in relation to price.
  6. 10. The acronym for the functions of prices in allocating resources.
  7. 11. They should address the question of ...., how and for whom goods and services should be produced.
Down
  1. 2. A factor of production.
  2. 3. cars and petrol are an example of these goods.
  3. 4. Most firms try to maximise this.
  4. 8. The main economic problem.
  5. 9. When two goods are derived from the same source.