1
Q
what is the big tradeoff in equity?
A
equality vs. efficiency
2
Q
equity
A
fairness in economics
3
Q
equality
A
minimising disparities in income and wealth among a nation’s households
4
Q
lorenz curve
A
5
Q
gini coefficient
A
A/(A+B)
IB Economics
flashcards
Decks in class (29)
# Cards
-
Demand22
-
Supply21
-
Market Equilibrium for Demand and Supply11
-
PED29
-
PES, YED, XED30
-
Tax Incidence55
-
Subsidies19
-
Merit Goods, Public Goods, Demerit Goods21
-
Externalities17
-
Asymmetric Information3
-
Theory of the Firm24
-
Perfect Competition6
-
Monopoly10
-
Price discrimination18
-
Monopolistic Competition12
-
Oligopoly15
-
National Income7
-
Inflation19
-
Unemployment35
-
AS/AD17
-
Tax Systems15
-
Economic Growth5
-
Equity5
-
Macroeconomic Policies27
-
Trade Agreements16
-
Comparative and Absolute Advantage8
-
Protectionism10
-
Exchange Rates38
-
Development Economics46
