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1.c ME Class 2- 2024/2025

This class was created by Brainscape user Lisa Mitchell. Visit their profile to learn more about the creator.

By: Lisa Mitchell
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Decks in this class (10)

Chapter 1
Every choice involves a trade off...,
The cost of something is what,
Rational people thing at what
42  cards
Chapter 2
What is the role of the economist,
Explain the role of an economist ...,
Explain the role of an econmist a...
34  cards
chapter 3
Explain the concept of interdepen...,
What is globalization,
Explain specialization and trade
22  cards
chapter 4
How do markets work,
What is price mechanism,
What is the role of supply and de...
48  cards
Chapter 5
What is price elasticity of deman...,
What is the formula for price ela...,
What is an example of ped
40  cards
Chapter 6 - good
Consumer price index cpi,
How do you calculate cpi,
What is the purpose of cpi
19  cards
Chapter 7 - good
Define productivity,
What is the importance of product...,
What are the factors of production
25  cards
Chapter 8
Define financial system,
What are the components of the fi...,
What makes up financial markets
26  cards
Chapter 9 -
Define unemployment rate,
What is the unemployment rate cal...,
Define labour force participation...
35  cards
Chapter 10
0  cards

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1.c ME Class 2- 2024/2025

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