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Unknown Unknown
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Decks in this class (18)
chapter 1- the economic problem
What is the basic economic problem,
Economic agents,
Public sector
10
cards
chapter 11- PED
Sales revenue total revenue,
Profit,
Price inelastic demand
17
cards
chapter 9- price determination
Market equilibrium,
Equilibrium price,
Market disequlibrium
8
cards
chapter 7- demand
Demand,
Substitutes,
Complements
7
cards
chapter 8- supply
Supply,
Law of supply,
Determinants of supply
8
cards
chapter 2- FOPs
The factors of productions,
Geographical mobility,
Occupational mobility
5
cards
chapter 3- opportunity cost
Definition of opportunity cost,
Why is there an opportunity cost ...,
3
3
cards
chapter 4 -PPC
Definition of the production poss...,
Definition of the ppc diagram,
What are the 2 conditions for a p...
8
cards
chapter 6- the role of market
Definition of market system,
Definition of market equilibrium,
Definition of market disequilibrium
5
cards
chapter 12- PES
Definition of pes,
Definition of stocks
2
cards
chapter 13- market economic system
Mixed economy,
Planned economy,
What does an economic system desc...
6
cards
chapter 14- market failure
Definition of market failure,
Definition of private costs,
Definition of external costs
12
cards
chapter 16- money and banking
Functions of central bank,
Characteristics of money,
Definition of money
9
cards
chapter 17- households
Definition of disposable income,
What is the relationship between ...,
Definition of current expenditure
7
cards
chapter 15-mixed economic system
What is the idea of mixed economi...,
Definition of maximum price,
Positive sides of maximum price p...
12
cards
chapter 24- inflation&delation
Definition of inflation,
Definition of hyperinflation,
Definition of deflation
8
cards
chapter 39 -current accounts
Define balance of payments,
What are visible exports,
What are visible imports
7
cards
chapter 38- foreign exchange systems
Define appreciation of currency,
Define depreciation of currency,
Define floating exchange rate sys...
9
cards
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economics
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