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Decks in this class (16)
1.1.1 The Economic Problem
Key words
10
cards
1.1.2 Economic Assumptions
What is the economic assumption 1,
4 main reasons consumers do not m...,
What are some business assumptions 3
7
cards
1.1.3 Demand, supply and market equilibrium
What is demand 1,
What affects demand 2,
What are examples of external sho...
10
cards
1.1.4 Elasticity
Definition of elasticity 1,
Definition of substitutes 2,
Definition of proportion 3
10
cards
1.1.5 Externalities
What is an externalities 1,
What are examples of negative ext...,
What is negative externalities 3
9
cards
1.1.6 The Mixed Economy
What is a mixed economy 1,
True or false in a mixed economy ...,
What are the two main types of ow...
20
cards
1.2.1 Production
What are the four main factors of...,
True or false capital refers only...,
Fill in the blank the _____ secto...
20
cards
1.2.2 Productivity of Labour
What is the definition of product...,
True or false productivity only r...,
List two main factors affecting p...
15
cards
Microeconomics Business costs, revenues and profit
What is the formula for total rev...,
What is total revenue used for 2,
What is the formula for total cos...
21
cards
Business Competition
What is a monopoly 1,
How can monopolies be efficient 2,
How do monopolies benefit from ec...
29
cards
Labour Market Microeconomics
What is derived demand 1,
How does derived demand affect la...,
Why is price of final product a f...
30
cards
1.2.6 Government Intervention
Blank 1
1
cards
2.1.1 Economic Growth
Economic Growth
15
cards
Economic Growth 2.1.1
2nd deck
14
cards
2.1.1 Macroeconomics Part B
What is the relationship between ...,
How does inflation impact prices 2,
How does inflation affect wages 3
10
cards
2.1.1 Macroeconomics Section B Part 2
What is the definition of unemplo...,
How is unemployment measured 2,
What are the types of unemploymen...
23
cards
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Economics
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