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Decks in this class (32)
1A : management of resources
What are the two types of economi...,
When deciding on allocation of re...,
Define consumption and production 3
11
cards
2 : Specialisation
What is specialisation 1,
What are some advantages of speci...,
What are some disadvantages of sp...
9
cards
3 : Producer And Consumer Surplus
What is consumer surplus 1,
What is producer surplus 2
2
cards
4 : Price elasticity Of Demand
What is elasticity 1,
What are the four types of elasti...,
What is the difference between el...
5
cards
5 : elasticity and its importants to businesses
What is a rectangular hyperbola 1,
What is the importance of price e...,
What is the formula for profit 3
5
cards
6 : income elasticity ( Mr William )
Define income elasticity yed 1,
What are luxury items and why are...,
What are necessities and why are ...
7
cards
7 : cross price elasticity of demand
What is cross elasticity of deman...,
What is the formula for xed 2,
Why is xed important for business...
5
cards
8 : Substitution And Income Effect
What is a substitution effect 1,
What is the income effect 2
2
cards
9 : price elasticity of supply
How to calculate price elasticity...,
What are the factors affecting pr...,
How do businesses protect themsel...
5
cards
10: The Labour Market & How Wage Determination (Need Edit)
What is labour market refer to 1,
Define labour demand 2,
What are the factors that influen...
6
cards
11 : Minimum Wage
What are some factors that influe...,
What are the disadvantages of nat...,
What is minimum wage 3
4
cards
12 : (trade Unions ) Factors That Affect Flexibility In Labour Markets
What are trade unions 1,
What is meant by union density 2,
What is meant by union mark up 3
5
cards
14 : Factors That Effect Flexiblilty In The Labour Market MIGRATION
What are some advantages in migra...,
What are some disadvantages of mi...
2
cards
15 : Exchange Rates
What are exchange rates 1,
What are the effects of a high po...,
What are the effects of a low pou...
12
cards
16 : Exchange Rates Simple Changes
What are the factors that effect ...,
What happens to the pound when th...,
What happens he the pound as uk i...
9
cards
17 : Exchang Rate Questions
Blank 1
1
cards
18 : Exchange Rate Policy (mot Fin
What are the different types of e...,
What are fully fixed exchange rat...,
What are the advantages of fixed ...
7
cards
19
What are the factors that affect ...,
What can happen to uk businesses ...
2
cards
20 : Macroeconomic Impact Of Exchange Rates
Blank 1
1
cards
21*
0
cards
22*
0
cards
23 : Exchange Rates - (SUMMARY)
What are the impacts of an apprec...,
What are the impacts of a depreci...,
What are the factors that influen...
3
cards
24 : Suply Side Piloolicies
What are supply side policies 1,
What kind of supply side policies...,
What are interventionist supply s...
6
cards
25 : Trade
What are trade groupings 1,
What is customs unions and free t...,
What is trade diversion 3
4
cards
26 *
Why is there world trade 1,
What is absolute advantage 2
2
cards
27 : Trade ( Why The World Does It )
What is free trade 1,
Why would the government provide ...
2
cards
28 : International Trade
What are the three main reasons w...,
What is absalute advantage 2
2
cards
30 : Protectionism
What are the different forms of p...,
What are some arguments for prote...,
What are the advantages and disad...
3
cards
31*
0
cards
32 : Quotas
What are quotas 1,
What are non tariff barriers ntbs 2
2
cards
33*
0
cards
34 : Subsidies
What are subsidies 1,
Blank 2
2
cards
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