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Semi Akingbe
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Decks in this class (12)
Elasticity
Definition of ped,
Definition of pes,
Definition of yed
10
cards
Positive & Norminative
Definition of normative statement,
Definition of positive statement
2
cards
PPF
Definition of opportunity cost,
Definition of ppf
2
cards
Externalities
Private benefit,
Private costs,
External cost
11
cards
Taxes & Subsidies
Subsidy,
Definition of subsidy,
Definition of indirect tax
4
cards
Consumer/Producer Surplus
Definition of producer surplus,
Definition of consumer surplus,
Definition of consumer surplus
3
cards
Demand & Supply
Definition of demand,
What effect does a change in pric...,
What are the conditions that chan...
14
cards
General
Definition of price mechanism,
Definition of free market economy,
Definition of market failure
8
cards
Commodity Market
Definition of commodity market,
Definition of labour market,
Factors affecting the demand for ...
4
cards
Negative Externalities
Correcting for negative externali...,
Advantages of correcting for nega...,
Disadvantages of correcting for n...
3
cards
Government Failure
Definition of government failure,
How does a government intervene
2
cards
Factor Immobility
Factor immobility,
Consequences of factor immobility,
The two types of factor immobility
5
cards
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Micro-Economics
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