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Chloe Robertson
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Decks in this class (26)
Distinguish Between Normative And Positive Statements
A normative statement 1,
What is a positive statement 2
2
cards
The Basic Economic Problem
What choices have to be made 1,
What is scarcity 2,
How does scarcity exist 3
17
cards
Exam Questions
Explain the economic problem 3 1,
Which of the following statements...,
Explain what is meant by scarcity...
6
cards
Economic perspectives
Name one economist who believes i...,
What is the key ideas of the inte...,
Name one person who believed in t...
6
cards
Oppertunity Cost & PPF/C
What does ppc f stand for 1,
What is productive efficiency 2,
What is the analysis of a point b...
22
cards
Specialisation, Etc.
List the 5 disadvantages of speci...,
What six roles most money fulfill 2,
What is standard for deferred pay...
15
cards
Market economy
Centrally planned economy advanta...,
Centrally planned economy disadva...,
What is a centrally planned econo...
15
cards
Elasticity - Sensitive Of Demand And Supple
Ped formula 1,
Define elasticity 2,
Why is a knowledge of price elast...
17
cards
Costs & revenue. Economies & Diseconomies
What is fixed costs 1,
Examples if fixed costs 2,
Variable costs 3
41
cards
Productive Efficiency And Goods
Technical efficiency 1,
Cost efficiency 2,
What is allocative efficiency 3
17
cards
Marginal
External costs 1,
Social costs 2,
Private benefit 3
14
cards
Merit Goods And De-merit Goods
Information failure definition 1,
Left to the free market merit goo...,
Demerit goods 3
5
cards
Information Failure
Asymmetric information 1,
Moral hazard 2,
Adverse selection 3
4
cards
Policies - Indirect Taxation
Diagram analysis 1,
Advantages of indirect taxes 2,
Disadvantages of indirect tax 3
5
cards
Policies - Regulation
Diagram analysis 1,
Advantages of regulation 2,
Regulation disadvantages 3
5
cards
Policies - Tradable Pollution Permits
Diagrams analysis 1,
Tradable pollution permits define 2,
Tradable pollution permit diagram 3
5
cards
Externalities
What are externalities 1,
What happens when externalities a...,
Consumption externality 3
16
cards
Economic Agents
What are economic agents 1,
Households as consumers 2,
Households and work 3
9
cards
Elasticity
What is elasticity 1,
Ped calculation 2,
Ped s will always have 3
43
cards
Supply and Demand
What is a market 1,
What s a markets purpose 2,
A market equilibrium is when 3
22
cards
Information Provision - Leftwards Shift in Demand
Diagram information provision dem...,
Diagram analysis 2,
Advantages of information provisi...
4
cards
Production subsidies
Definition of production subsidies 1,
Diagram production subsidies 2,
Diagram analysis of production su...
5
cards
Direct State Provision
Diagram analysis 1,
Advantages of direct state provis...,
Disadvantages of direct state pro...
3
cards
providing information
Diagram providing information 1,
Diagram analysis providing info 2,
Advantages of providing informati...
3
cards
Minimum wage
Min wage diagram 1,
Min wage analysis 2,
Ignore this 3
4
cards
minimum price control
Minimum price diagram 1,
Analysis diagram minimum price 2,
Advantages of minimum pricing 3
4
cards
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Economics - A Level
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A Level Economics
- 50 decks
- 1987 flashcards
- 1176 learners
Decks:
Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
