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Microeconomics

This class was created by Brainscape user Angelica Di Libero. Visit their profile to learn more about the creator.

By: Angelica Di Libero
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Decks in this class (14)

Chapter 1
What is economics,
What is microeconomics,
What is macroeconomics
47  cards
Chapter 2
What are normative statements,
What is a positive statement,
Why do economists disagree with e...
34  cards
Chapter 3
What is quantity demanded,
What does quantity bough refer to,
Is quantity demanded a flow or a ...
35  cards
Chapter 4
When is demand elastic,
When is demand inelastic,
What can be observed the more dem...
57  cards
Chapter 5
What do voluntary market transact...,
What determines the amount actual...,
What determines the amount actual...
34  cards
Chapter 6
What is utility,
What is total utility,
What is marginal utility
48  cards
Chapter 7
What are firms,
What are firms that have operatio...,
Multinational enterprises are unu...
67  cards
Chapter 8
In the short run at least one all...,
In the long run at least one all ...,
In the long run there is one way ...
51  cards
Chapter 9
What does a competitive market st...,
When do firms have market power,
When is a market said to be compe...
48  cards
Chapter 10
What kind of slope does the deman...,
What kind of tradeoff does a mono...,
What is the total revenue equal t...
44  cards
Chapter 11
Who produces largely canada s output,
What does the perfectly competiti...,
What does the theory of monopolis...
58  cards
Chapter 16
What is the operative choice when...,
What happens when the government ...,
What is the first and second duty...
45  cards
Chapter 19
What type of trade does an open e...,
What type of trade does a closed ...,
What must everyone be without trade
38  cards
Chapter 20
Most governments accept the propo...,
What is a tariff,
What are non tariff barriers
39  cards

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Microeconomics

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