This class was created by Brainscape user Samuel Olamiju.

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Decks in this class (26)

BUSINESS OBJECTIVES
What r private sector firms 1,
What r examples of private sector...,
How does ownership differ between...
90  cards
REVENUE, COSTS AND PROFIT
What is revenue 1,
What is an alternative name for t...,
How do u calculate total revenue 3
34  cards
MARKET STRUCTURE AND GOVT INTERVENTION
Why does the govt want markets to...,
What is 1 way to measure market s...,
What is a concentration ratio 3
163  cards
GLOBALISATION
What is globalisation 1,
What is globalisation characteris...,
What r the causes of globalisation 3
27  cards
SPECIALISATION AND TRADE
W0hy do countries trade 1,
What is absolute advantage 2,
What is the formula of opportunit...
11  cards
RESTRICTIONS ON FREE TRADE
Why would a country use protectio...,
What is dumping 2,
What is an infant industry 3
16  cards
TRADING BLOCS
What is a bilateral agreement 1,
What r the key criteria for decid...,
How r trade blocs created 3
12  cards
TRADE PATTERNS
What affects patterns of trade 1,
How do changes in comparative adv...,
How does growth of brics affect t...
7  cards
TERMS OF TRADE
What is meant by terms of trade 1,
How do u calculate terms of trade 2,
What happens to terms of trade wh...
10  cards
EXCHANGE RATES
What is an exchange rate 1,
What r the different types of exc...,
What is a floating exchange rate 3
29  cards
BALANCE OF PAYMENT
What is the balance of payments 1,
What 3 components r part of the b...,
What does the current account inc...
13  cards
INTERNATIONAL COMPETITIVENESS
What is international competitive...,
How can international competitive...,
How can the current account of th...
23  cards
WTO
What does wto stand for 1,
What is the wto 2,
When was the wto set up 3
7  cards
POVERTY
How is absoloute poverty 1,
What is relative poverty 2,
Why is the median used for relati...
21  cards
MEASURES OF DEVELOPMENT
What is economic development 1,
How are different countries class...,
How is gdp an effective measure o...
11  cards
FACTORS INFLUENCING DEVELOPMENT
What is primary product dependency 1,
What are the problems with primar...,
What is the prebisch singer hypot...
27  cards
STRATEGIES TO BOOST DEVELOPMENT
What are market orientated strate...,
What are interventionist strategi...,
What are external strategies 3
49  cards
ROLE OF INTERNATIONAL INSTITUTIONS
What does the world bank do 1,
What criticisms have there been o...,
What does the imf do 3
7  cards
ANGOLA
What is the growth rate in angola 1,
What is the inflation rate in ang...,
What is unemployment in angola 3
27  cards
US TARIFFS
What protectionist actions have b...,
How have china retaliated 2,
What are the macroeconomic impact...
3  cards
MONOPOLIES
Blank 1,
What is a pure monopoly 2,
What is working monopoly cma defi...
53  cards
MONOPSONIES
What is a pure monopsony 1,
What are is an example of a monop...,
What are the benefits of a monops...
12  cards
MICRO GOVT INTERVENTION
What is nationalisation 1,
What are the advantages of nation...,
What are the disadvantages of nat...
21  cards
OLIGOPOLIES
Blank 1,
What is an oligopoly 2,
What is collusion 3
47  cards
PERFECT COMPETITION
Blank 1,
What are the characteristics of p...,
Is perfect competition realistic 3
5  cards
MONOPOLISTIC COMPETITION
Blank 1,
What are the characteristics of m...
2  cards

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ECONOMICS YR 2

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