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Odelyn Xie
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Decks in this class (18)
Scarcity, choice, opportunity cost
What is the fundamental economic ...,
What is choice,
What is choice
11
cards
Economic Methodology
What are positive statements,
What are normative statements,
What is ceteris peribus
4
cards
Factors of Production
What is land and its reward,
How does land affect production,
What is labour and its reward
12
cards
Resource Allocation in Different Economic Systems
What is transition economies,
What is the market economy,
What is the planned economy
5
cards
Production Possibility Curves
What does a ppc curve show,
How does a ppc curve show choice,
How is opportunity cost shown in ...
4
cards
Classification of Goods and Services
What is excludability,
What is rivalry,
What are the types of goods
13
cards
Demand and Supply Curves
0
cards
Price, Income and Cross Elasticity
0
cards
Price Elasticity of Supply
0
cards
The Interaction of Demand and Supply
0
cards
Consumer and Producer Surplus
0
cards
Reasons for Government Intervention
Why do government s intervene,
What is market failure,
What are the forms of market failure
5
cards
Methods and Effects of Government Intervention in Markets
What are indirect taxes,
What are the two types of indirec...,
What are the two types of indirec...
19
cards
Adressing Income and Wealth Inequality
What are some economic reasons fo...,
What are the policies to reduce i...,
What is the effect of a minimum wage
4
cards
National Income Statistics
What is gdp,
What are the methods to measuring...,
What is the output method
3
cards
The Reasons for International Trade
What is absolute advantage,
What is factor endowment,
What is comparative advantage
14
cards
Protectionism
What is protectionism,
State the tools of protection,
What are tariffs
26
cards
Current Account of The Balance of Payments
What is the balance of payments,
What is the current account,
What is a current account deficit
13
cards
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Economics AS SFFC
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