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Intro to Microeconomics - Exam 1

This class was created by Brainscape user Jodene Hager. Visit their profile to learn more about the creator.

By: Jodene Hager
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Decks in this class (13)

Chapter 1
Scarcity,
Economics,
Efficiency
17  cards
Chapter 5
Price elasticity of demand,
Elasticity,
Total revenue
6  cards
Chapter 6
Price floor,
Price ceiling,
Tax incidence
3  cards
Chapter 2
Circular flow diagram,
Production possibilities frontier,
Microeconomics
6  cards
Handout 1
Scarcity means that there is less...,
Economics is the study of how eve...,
Economics is the study of how soc...
54  cards
Chapter 3
Absolute advantage,
Comparative advantage,
Imports
4  cards
Chapter 4
Market,
Competitive market,
Quantity demanded
20  cards
Handout 2 - Ch 3
If a person chooses self sufficie...,
If wrex can produce more math pro...,
A production possibilities fronti...
71  cards
Handout 2 - Ch 4
What is a competitive market brie...,
What are the demand schedule and ...,
Does a change in consumers tastes...
41  cards
Quiz 1
1 the phenomenon of scarcity stem...,
2 a tradeoff exists between a cle...,
3 efficiencya and equality both r...
20  cards
Quiz 2
1 total output in an economy incr...,
What is andia s opportunity cost ...,
What is andia s opportunity cost ...
17  cards
Handout 3
Elasticity measures how responsiv...,
The price elasticity of demand is...,
In general demand curves for nece...
20  cards
Chapter 5 Multiple Choice
Which of the following is not a d...,
The greater the price elasticity ...,
Suppose that juan carlos is filli...
8  cards

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Intro to Microeconomics - Exam 1

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