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Lisa Mitchell
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Decks in this class (22)
chapter 1
When the government redistributes...,
When economists say there is no s...,
Adam smith s invisible hand conce...
16
cards
Chapter 2 Practice Problems
Identify the parts of the circula...,
Identify the parts of the circula...,
Identify the parts of the circula...
4
cards
Chapter 5 Elasticity true or false
The demand for cell phones is mor...,
A normal good is one for which th...,
A good perceived by the consumer ...
10
cards
Chapter 5 Multiple-Choice
Use the following information to ...,
Suppose the minister of health wa...,
As income rises during economic u...
11
cards
Extra
What is the role of firms in the ...,
Why would a production possibilit...,
Provide two reasons why economist...
5
cards
Chapter 4 Formulas
What is the formula for the suppl...,
What is the formula for equilibri...,
What is the formula for the equil...
6
cards
Chaoter 4 True Or False
Monopolistic market has only one ...,
At the equilibrium price the amou...,
And improvement in technology ten...
15
cards
Chapter Five Elasticity Of Demand
What happens when the elasticity ...,
What does it mean when the elasti...,
What influences the elasticity of...
10
cards
Chapter 5 Review Formulas
What is the formula for slope
1
cards
Chapter 5 Mire Notes
Does a lot of demand have a negat...,
What happens to total revenue as ...,
What is income elasticity
24
cards
Chapter 6 Notes
What are price floors,
What happens if the legal maximum...,
Why would a government imposes a ...
28
cards
chapter 1: m/c
Which one of the following is ess...,
Which of the following is most li...,
Which of the following statements...
20
cards
Chapter 1 critical thinking
Is air scarce is clean air scarce,
What is the opportunity cost when...,
Why is there a trade off between ...
12
cards
chapter 1 critical thinking long answers
People respond to incentives gov ...,
People respond to incentives gov ...,
People respond to incentives gov ...
13
cards
chapter 2: true of false
Economic models must mirror reali...,
Assumptions make the world easier...,
The payment from firms to househo...
15
cards
CHAPTER 2: MC
Which one of the following is ess...,
Which one of the following most l...,
Which one of the following statem...
20
cards
CHAPTER 2: SHORT ANSWER
What is the role of households in...,
What is the role of firms in the ...,
Why would a production possibilit...
10
cards
Chapter 3 True and false graphs
When graphing in the coordinate s...,
When a line slopes upward in the ...,
Price and quantity demand for mos...
10
cards
chapter 3 true and false
If japan has an absolute advantag...,
Comparative advantage not absolut...,
Absolute advantage is a compariso...
15
cards
chapter 3: mc
0
cards
Chapter 2; questions for review
How is economics like a science,
Why do economists make assumptions,
Should an economic model describe...
9
cards
chapter 2: problems and applications
0
cards
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Econ247 study book questions
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