This class was created by Brainscape user Molly Nicolson. Visit their profile to learn more about the creator.
By:
Molly Nicolson
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Decks in this class (14)
Unit 1 - The Basic Economic Problem
What,
What are some examples of needs,
What is a want
41
cards
Unit 1 - Command Words
Identify,
Outline,
State
10
cards
Unit 1 - Demand, Supply and Markets
What is demand,
What is effective demand,
Know how to draw demand curves fr...
33
cards
Unit 1 - Costs, Revenue and Profits
What is a fixed cost,
What is productivity,
What is a disadvantage of special...
34
cards
Unit 1 - Personal Economics
What will individuals first spend...,
After ensuring their basic needs ...,
What might individuals spend on
41
cards
Unit 2 - Government Finance
What are the sources of governmen...,
What are the two types of taxation,
What is direct taxation
51
cards
Unit 2 - Unemployment
What is unemployment,
What is the level of unemployment,
What is the rate of unemployment
31
cards
Unit 2 - Economic Growth
What is economic growth,
How can you increase economic growth,
How can growth
11
cards
Unit 2, Inflation
What is the government s main aim...,
What is the rate of inflation,
What is inflation
15
cards
Unit 2, Scotland's Place in the Economy
What are the three different type...,
Describe the primary industry,
Decribe the secondary industry
18
cards
Unit 3 - Global Trade
Define global trade,
Who are the top 5 uk export marke...,
Who are the top 5 uk import marke...
19
cards
Unit 3 - Multinationals
What is a multinational,
What are the advantages of operat...,
Why would a developed country mul...
6
cards
Unit 3 - Exchange Rates
What is an exchange rate,
Be able to calculate exchange rates,
What does it mean if there is an ...
12
cards
Unit 3 - Understanding the impact of the Global Economy
What is a trading bloc,
Give examples of trading blocs,
Describe the euro
28
cards
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Economics
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