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Vicki schenk
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Decks in this class (34)
Chapter 1
How do information streams influe...,
What is the primary focus of econ...,
What is the main reason discussed...
64
cards
Chapter 2
What is the fundamental principle...,
When will a rational consumer pur...,
What is a key concept in economic...
42
cards
Chapter 3
What is the term for what a buyer...,
What does the law of demand state,
Is supply the same as quantity su...
45
cards
Chapter 5
What is the sign of price elastic...,
How is price elasticity of demand...,
How is price elasticity of supply...
63
cards
Chapter 7
What is accounting profit,
What does l represent in economics,
What is the first step to determi...
43
cards
Chapter 8
How do farmers respond to difficu...,
What happens to positive economic...,
What happens to total cost at hig...
66
cards
Chapter 9
What act did the british parliame...,
What was the major industry that ...,
What is a natural monopoly
50
cards
Chapter 10
What market did proctor gamble he...,
Characteristics of a perfectly co...,
What type of demand curve does a ...
58
cards
Chapter 11
What is competition good for,
What are the laws that give gover...,
What is the fundamental belief be...
49
cards
Chapter 12
What is pollution considered,
What occurs when there is market ...,
What are market oriented environm...
27
cards
Chapter 13
What is the key principle of sams...,
What is the estimated rate of ret...,
What is the term for the benefit ...
28
cards
Chapter 19
What benefits do specialization a...,
What does a straight ppf indicate,
What does trade allow countries t...
17
cards
Module 0 Notes
A diagram that views the economy ...,
An economy where economic decisio...,
The way in which different worker...
38
cards
Module 1 Notes
A group of firms that collude to ...,
Occurs when firms act together to...,
The ability to choose and stick w...
22
cards
Module_01_strategic-games
What is the definition of non str...,
Examples of non strategic decisions,
Example of a negative externality
54
cards
Module 0 Vocabulary
What is a circular flow diagram,
What is a command economy,
What is a division of labour
38
cards
Module 1 Vocabulary
What is best response,
What is a cartel,
3
cards
Module 2 Specialization
What are gains from trade,
What does opportunity cost measure,
What does the value chain describe
14
cards
Module_02_Specialization
What is opportunity cost,
Top sask export in 2023,
What is the importance of special...
17
cards
Module 1 - Investopedia
What is game theory,
Why study game theory,
How do people use game theory
39
cards
Module 1 - Ch 10.2
What is an oligopoly,
What is a natural monopoly,
What is an example of how monopol...
23
cards
Module 1 - Strategic Games Practice
If china chooses to mitigate then...,
If the usa chooses to mitigate em...,
The nash equilibrium strategies a...
27
cards
Module 2 - Practice questions
What is the opportunity cost for ...,
What is the opportunity costs for...,
What is the opportunity costs for...
12
cards
Module 3 - MC Questions (Textbook)
What is the term for what a buyer...,
What does the law of demand state...,
Is supply the same as quantity su...
45
cards
Module 3 - Key Words
What is ceteris paribus,
What do economists consider compl...,
What is demand
30
cards
Module 4 - Externalities
What are the two ways we can meas...,
How can we measure the total will...,
What is willingness to pay
49
cards
Module 4 - Key Words
Consumer surplus,
Producer surplus,
Social surplus
23
cards
Module 4 Quiz
Consider the figure above the loc...,
Which of the following would like...,
Which of the following would like...
23
cards
Module 5 Key Words
Accounting profit,
Average profit,
Average total cost
30
cards
Module 5 Quiz
Consider the table above the miss...,
Consider the table above the miss...,
Consider the table above the miss...
10
cards
Module 5 Productions and Costs
What is a firm,
What do private firms aim to maxi...,
What are the factors of production
57
cards
Module 6 Key Words
Break even point,
Entry,
Exit
22
cards
Module 6 Quiz
Suppose the price is p1 the optim...,
Suppose the price is p2 the optim...,
Suppose the price is p3 the optim...
17
cards
Module 6 Market Structure
What is the first assumption of p...,
What can moral hazard lead to,
What condition signifies profit m...
64
cards
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ECON111
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