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Decks in this class (8)
Economic problem
Normative statement 1,
Positive statement 2,
Purpose of economic activity 3
20
cards
Price determination competitive markets
Equilibrium price 1,
Supply 2,
Demand 3
28
cards
Production Costs + Revenues
Production 1,
Short run production 2,
Long run production 3
21
cards
Perfect competition, imperfect competition, Monopoly
Price taker 1,
Price maker 2,
Market structure 3
22
cards
Market Failure
Signalling function 1,
Allocative function 2,
Incentive function 2
29
cards
Labour Markets
What type of demand is labour 1,
What is meant by labour being der...,
What is the marginal productivity...
53
cards
Market Strucutres
Define normal profit 1,
Define abnormal profit 2,
What is the point of productive e...
81
cards
Wealth and Income Inequality
Give 4 different types of policie...,
Explain how lowering taxes could ...,
Analyse how doing nothing could a...
28
cards
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Microeconomics (AQA)
- Full test name Unspecified
- Test acronym Unspecified
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