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Decks in this class (24)
1.1 & 1.2 Economic Principles
The science of decision making es...,
The quantity of resources cannot ...,
The study of economy wide phenome...
39
cards
2.1 Scientific Method
Economists are _______ scientists 1,
Science is primarily concerned wi...,
Claims that attempt to describe t...
28
cards
2.2 & 2.3 Graphs and Diagrams
Graphs are a clear way of demonst...,
Coordinate system is used to demo...,
Model of a market economy shows h...
4
cards
2.4 Production Possibilities Frontier
Shows the various output combinat...
1
cards
3.1 Trade, Case 1
______ can make people better off...,
Interconnectedness of the world p...
2
cards
3.2 Trade, Case 2
Blank 1
1
cards
3.3 Trade, Case 3
0
cards
4.0 Markets
Meat of the course 1,
Markets can be a good way to orga...,
A group of buyers and sellers of ...
3
cards
4.1 Demand
0
cards
4.2 Demand Curve Shifts
0
cards
4.3 Supply
0
cards
4.4 Supply Curve Shifts
0
cards
4.5 Equilibrium
0
cards
4.6 Equilibrium Shifts
0
cards
5.1 Price Elasticity of Demand
0
cards
5.2 How might a Firm use PED?
0
cards
5.3 Elastic vs Inelastic
0
cards
5.4 Why don't most of us live on farms?
0
cards
5.5 Income Elasticity of Demand
0
cards
5.6 Cross-Price Elasticity of Demand
0
cards
5.7 Elasticity of Supply
0
cards
5.8 Why haven't we won the War on Drugs?
0
cards
QUIZ 1
There is no way to produce more o...,
A mode of organization in which r...,
Claims describing the way the wor...
20
cards
QUIZ 2
Blank 1
1
cards
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Microeconomics
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