The Student Economist , November 2013 | Page 14

Wordsearch    CLUES:   1. The property of a good whereby a person can be prevented from using it when they do not pay for it. 2. The property of a good whereby one person’s use diminishes other peoples’ use. 3. A person who receives the bene?t of a good but avoids paying for it. 4. A study that compares the costs and bene?ts to society of providing a public good. 5. A parable that illustrates why common resources get used more than is desirable by society. 6. Example of a good. 7. Example of a common resource. 8. Measurement of human life value used by health services to make a decision about who to treat and who not to treat. 9. Principle 1 of economics. 10. Example of a private good.