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Francis Mendoza
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Decks in this class (11)
Chapter 1 - Economics As A Science
Authority that makes all of the e...,
Individuals trade items in this e...,
Aggregate means
15
cards
Chapter 2 - Scarcity
Scarcity is not the same as blank...,
Most basic concept of economics a...,
Any activity that results in the ...
37
cards
Chapter 3 - Supply & Demand
A schedule showing how much of a ...,
All of the arrangements that indi...,
A negative or inverse relationshi...
24
cards
Chapter 4 - Demand & Supply Analysis
An act of trading between individ...,
Economic system in which relative...,
All costs associated with exchange
20
cards
Chapter 5 - Public Spending and Public Choice
Occur when the consequences of an...,
Occurs when too much money is goi...,
Parties who are not directly invo...
24
cards
Chapter 6 - Funding The Public Sector
Limit on government spending and ...,
Three sources of government funding,
The value of goods services wealt...
23
cards
Chapter 19 - Supply/Demand Elasticity
Price elasticity of demand equati...,
Responsiveness of quantity demand...,
Percentage change in quantity dem...
17
cards
Chapter 21?
Three legal organizations of firms,
A business organization that empl...,
A business owned by one individua...
26
cards
Chapter 22 - Starting for last test
Physical size of the factories th...,
Time period when at least one inp...,
Time period in which all factors ...
25
cards
Chapter 23 - Perfect Competition
A firm that is such a small part ...,
A market structure in which the d...,
A competitive firm that must take...
23
cards
Chapter 30 - Income, Poverty, and Health Care
Way income is allocated among the...,
This provides us a means of consu...,
Geometric representation of the d...
15
cards
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ECO 201
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