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Unknown Unknown
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Decks in this class (27)
Chapter 1: The Economic Problem
What is the economic problem 1,
Define scarcity 2,
What are the four factors of prod...
28
cards
Chapter 2: Economic Assumptions
What is the definition of economi...,
What do economists use to help pr...,
What is a variable in economics 3
21
cards
Chapter 3: The Demand Curve
What is demand 1,
What is effective demand 2,
How is demand expressed graphical...
21
cards
Chapter 4: Factors that may shift the demand curve
What are the main factors that ma...,
How does advertising affect demand 2,
What is disposable income 3
19
cards
Chapter 5: Supply Curve
What is supply 1,
What is the supply curve 2,
How does a change in price affect...
15
cards
Chapter 5: Factors That Shift the Supply Curve
0
cards
Chapter 7: Market Equilibrium
What determines the equilibrium p...,
What happens to equilibrium price...,
What is excess supply 3
30
cards
Chapter 8: PED
What is price elasticity of deman...,
How do price changes affect deman...,
What is inelastic demand 3
34
cards
Chapter 9: PES
What is price elasticity of suppl...,
How is price elasticity of supply...,
What happens to the quantity supp...
30
cards
Chapter 10: Income Elasticity (YED)
What is the definition of income ...,
How do you calculate income elast...,
What does an income elasticity va...
17
cards
Chapter 11: The Mixed Economy
What is the difference between th...,
What is a mixed economy 2,
What basic economic problems must...
49
cards
Chapter 12: Privatisation
What is privatisation 1,
What is a monopoly 2,
What are nationalised industries 3
28
cards
Chapter 13: Externalitites
What are external costs 1,
Define spillover effects 2,
What is meant by external benefits 3
44
cards
Chapter 14: FOP's and the sectors of the economy
What are the four factors of prod...,
What is production 2,
What is human capital 3
30
cards
Chapter 15: Productivity and Division of labour
What is productivity 1,
What factors affect productivity 2,
What is the definition of divisio...
41
cards
Chapter 16: Business Costs, Revenue and Profits
What are business costs 1,
How are costs classified by econo...,
What are fixed costs 3
18
cards
Chapter 17: Economies and Diseconomies of Scale
What are economies of scale 1,
What is meant by diseconomies of ...,
What is the long run average cost...
29
cards
Chapter 18: Competitive Markets
What are the advantages of compet...,
Define competition 2,
What is deregulation 3
24
cards
Chapter 19: advantages and disadvantages of small and large firms
What is the learning objective re...,
How is the size of a firm commonl...,
What is a key advantage of small ...
24
cards
Chapter 20: Monopolies
What is a monopoly 1,
What are the main features of a m...,
What are the advantages of monopo...
22
cards
Chapter 21: Oligopolies
What is oligopoly 1,
List the main features of oligopo...,
What is non price competition 3
24
cards
Chapter 22: The Labour Market
What factors affect the demand fo...,
What factors affect the supply of...,
What is the primary function of t...
30
cards
Chapter 23: Impact of changes in the supply and demand for labour and trade
What determines wages in a labour...,
What happens to wage rates when t...,
What impact does an increase in t...
23
cards
Chapter 24: Government Interventions
What is government intervention 1,
Why is government intervention ne...,
What are external costs 3
22
cards
Chapter 25: Economic Growth
What is the primary role of gover...,
What is a budget deficit 2,
What is macroeconomics 3
36
cards
Chapter 26: Inflation
What is inflation 1,
What is deflation 2,
How is inflation measured in the ...
37
cards
Chapter 27: Unemployment
What is unemployment 1,
How does unemployment affect a co...,
What is the ilo s definition of u...
34
cards
More about
Economics
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