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Decks in this class (20)
Section 1- The basic economic problem
Define resources 1,
Define free good 2,
Define opportunity cost 3
40
cards
Section 2- The allocation of resources
Define microeconomics 1,
Define macroeconomics 2,
Define market 3
105
cards
Section 3- Microeconomic decision makers
Define money 1,
Define legal tender 2,
Functions of money 3
86
cards
Section 5- Economic Development
Indicators of living standards 1,
Define human development index hdi 2,
Define genuine progress indicator...
56
cards
Chap 20
Define firm 1,
Define plant 2,
3 classification of firms 3
39
cards
Chap 21
The type of factors of production...,
Define corporation tax 2,
Factors influencing demand for ca...
8
cards
Chap 22
Define total cost 1,
Define average total cost 2,
Define fixed costs 3
21
cards
Chap 23
Define market structure 1,
Define competitive market 2,
Characteristics of a competitive ...
23
cards
Chap 24
How much the government intervene...,
The government s influence on the...,
Define local government 3
14
cards
Chap 25
Main government aims for the econ...,
Define economic growth 2,
Define actual economic growth 3
40
cards
Chap 26
Define budget 1,
Define budget deficit 2,
Define budget surplus 3
46
cards
Chap 27
Measures of the money supply 1,
Define monetary policy 2,
How can you increase the money su...
8
cards
Chap 28
Define supply side policy 1,
Aims of supply side policies 2,
Supply side policy examples 3
19
cards
Chap 29
Define gross domestic product gdp 1,
Methods of measuring gdp 2,
Circular flow of income 3
30
cards
Chap 30
Employment 1,
Unemployment 2,
Changes in the patterns of employ...
38
cards
Chap 36
Advantages of specialization on c...,
Disadvantages of specialization o...,
Advantages for firms 3
14
cards
Chap 37
Define globalisation 1,
Reasons for the greater interconn...,
Benefits of globalization 3
27
cards
Chap 39
Define balance of payments 1,
Define current account 2,
Define trade in goods 3
25
cards
Chap 38
Foreign exchange rate 1,
Fixed exchange rate 2,
Floating exchange rate 3
12
cards
Chap 31
Deflation 1,
Disinflation 2,
Cpi 3
11
cards
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