SP111 Crossword

4. rate applied to assess the present value of future costs and benefits
8. additional tax paid for every additional £ earned
9. surname of author whose theory explains rises in wages without an increase in productivity
10. percent change in amount of labor supplied/demanded due to a percent change in wages
12. acronym for the value generated by each additional unit of labour employed
13. measure of inequality comparing income across different parts of a population split in 10 equal parts
16. tax to be paid on the money and property of a deceased person
17. inequality related to the distribution of income between individuals
18. incentive given by the government to individuals or businesses in the form of cash, grants, or tax breaks that improve the supply of certain goods and services
19. cost or benefit of an economic activity experienced by an unrelated third party not directly involved in the transactions
20. theory positing the difficulty for governments to set policies that simultaneously achieve low poverty, low work disincentives and low costs

1. action aimed at making the impacts of climate change less severe by reducing the emission of greenhouse gases
2. condition by which the tax rate decreases as the amount subject to taxation increases
3. a business or organisation that's owned and run by its members, to meet their shared needs
5. reduction of someone's tax burden if they meet certain conditions
6. principle put forward by John Rawls by which decisions should be made to maximise the minimum outcome
7. state of being either unemployed or inactive
11. acronym for government programme in which every citizen receives an unconditional amount of money regularly
13. unravelling of an insurance market caused by adverse selection
14. set of public policies that aim to reduce government budget deficits through spending cuts and/or tax increases
15. profit made when you sell an asset that has increased in value