1
Q
Externalities evaluation
A
- Hard to measure externality
- Hard to fully internalise the externality
- How bad is the market failure
Economics Theme 1 revised
flashcards
Decks in class (30)
# Cards
-
1- Economics as a social science definitions0
-
1- Economics as a social science0
-
1- Economics as a social science evaluation0
-
2- Rational decision making definitions1
-
2- Rational decision making3
-
2- Rational decision making evaluation0
-
3- Demand definitions7
-
3- Demand5
-
3- Demand evaluation0
-
4- Price/income/cross-elasticities definitions10
-
4- Price/income/cross-elasticities22
-
4- Price/income/cross-elasticities evaluation0
-
5- Supply definitions1
-
5- Supply6
-
5- Supply evaluation0
-
6- Price elasticity of supply definitions1
-
6- Price elasticity of supply9
-
6- Price elasticity of supply evaluation0
-
7- Price determination definitions2
-
7- Price determination4
-
7- Price determination evaluation0
-
8- Price mechanism definitions3
-
8- Price mechanism5
-
9- Types of Market Failure definitions11
-
9- Types of Market Failure2
-
9- Types of Market Failure evaluation0
-
10- Externalities definitions14
-
10- Externalities4
-
10- Externalities evaluation1
-
11- Gov intervention27
