This class was created by Brainscape user Josh Ramsdell. Visit their profile to learn more about the creator.
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Josh Ramsdell
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Decks in this class (13)
Unit 1: Chapter 1: What is Economics?
What necessitates choices,
Define the term insatiability,
Scarcity
23
cards
Unit 1: Chapter 2: Economic Models
What tools do we use in economics...,
Define the term tabular model,
Define the term line graph
11
cards
Unit 1: Chapter 3: Value and Demand
Explain how prices transmit infor...,
Explain the principle of diminish...,
What is the relationship between ...
17
cards
Unit 1: Chapter 4: Supply and Prices
Define the term supply,
Define the term the law of supply,
What happens to a supply curve wh...
16
cards
Unit 3: Chapter 7: Forms of Business Ownership
Define the term sole proprietorship,
What are the positives and negati...,
Define the term partnership
13
cards
Unit 3: Chapter 8: Stocks
Define the term stock,
Define the term common stock,
Define the term dividends
8
cards
Unit 3: Chapter 9: Market Structure and Competition
Define the term market,
Define the term competition,
Define the term industry
19
cards
Unit 4: Chapter 10: Money and the Financial Market
What are the three types of currency,
Define the term m 1,
Define the term m 2
19
cards
Unit 4 Chapter 11: Central Banking
Who creates money in the united s...,
Who controls how much money is pr...,
Define the term central bank
16
cards
Chapter 12: Measuring the Wealth of the Nation
Define the term gross domestic pr...,
Define the term final goods and s...,
Define the term intermediated goods
17
cards
Chapter 13: The Business Cycle and Unemployment
What are the 4 phases of the busi...,
What marks an expansionary phase,
What marks a peak phase
20
cards
Chapter 14: Inflation
Define the term inflation,
What groups are most hard hit by ...,
Define the term fixed income
19
cards
Chapter 15: Fiscal Policy
Define the term fiscal policy,
Explain the basic concepts behind...,
What are the two primary categori...
16
cards
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Economics
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