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Eugene Van Zyl
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Decks in this class (24)
Module 6 – Economic Efficiency
A competitive firm will maximize ...,
Adam smith in the 18th century ca...,
A consumer will maximize utility ...
56
cards
Essay Questions
Explain the distinction between t...,
Explain in detail the behaviour o...,
Explain in detail why economic ef...
4
cards
Module 1 - Economic Concepts, Issues and Tools
Consider the following statements 1,
The following table shows the ext...,
Each person has an equal say in h...
49
cards
Module 7 - Organisation of Industries
Definition of perfect competition 1,
In the world of perfect competiti...,
In response to above normal profi...
81
cards
Module 8 – Public Goods and Externalities
What should we do if we really wa...,
Let pg denote public good which o...,
Which of the following is correct...
53
cards
Module 9 – Income Distribution
A profit maximising monopsonist w...,
If a union negotiates a wage that...,
Given a monopsony and a trade uni...
56
cards
Module 10 – International Sector
Define quota 1,
What are the opportunity costs of...,
Main argument for restricting int...
69
cards
Module 11 – Macroeconomics Overview
Define capital stock 1,
Define labor force 2,
Define national output 3
36
cards
Module 12 – Potential Output
Classify capital goods and labour...,
A shifting phillips curve over ti...,
Define consumer price index 2
70
cards
Module 13 - The Circular Flow of Income
Define the short run theory of in...,
Explain the duel role of househol...,
Name the two groups of markets fo...
61
cards
Module 14 - A Simple Model of Income Determination
Theory is a possible explanation ...,
Macroeconomic theory often based ...,
Explain exogenous and endogenou v...
48
cards
Module 15 - Income Determination
To assess the potential profitabi...,
Using the compound interest formu...,
Media 3
40
cards
Module 16 - Fiscal Policy
Which of the following does figur...,
Aggregate demand c i g x z 2,
Which of the following policies w...
32
cards
Module 17 - Money, the Central Bank and Monetary Policy
Money is a medium of exchange as ...,
Which of the following is a corre...,
A commercial banking system has 1...
38
cards
Module 18 - Quantity and Keynesian Monetary Theories
The naive or traditional quantity...,
Which of the following explains w...,
Which of the following explains w...
33
cards
Module 19 - Real and Monetary Sectors
A linear consumption function pas...,
A linear consumption function pas...,
In the islm diagram the real sect...
41
cards
Module 20 - Inflation and Unemployment
It can be inferred that 1,
Which of the following explains w...,
The chancellor of the exchequer w...
61
cards
Module 21 - Economics and the World Today
0
cards
Module 3 - Demand
The concept of demand is describe...,
In a household with a given food ...,
A traveller arrives at an airport...
34
cards
Module 4 - Supply
Which of the following is correct 1,
The economy is not producing its ...,
Economic efficiency is achieved i...
43
cards
Module 5 - The Market
Which of the following is correct...,
A local store deals in second han...,
Suppose the market for a newly de...
32
cards
Profiler - Final Examination Multiple Choice Questions
The chancellor has announced that...,
Despite the fact the investment f...,
In an economy where taxes equal 4...
30
cards
Practice Final Examination 1
The labour force in a car plant h...,
Suppose that the highly competiti...,
It has been said that the fundame...
30
cards
Practice Final Examination 2
A recent government document stat...,
Media 2,
In an electronics company all ass...
30
cards
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Economics
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