This class was created by Brainscape user Lamic Haile. Visit their profile to learn more about the creator.
By:
Lamic Haile
- decks
- flashcards
- learners
Decks in this class (10)
1.1.3 Basic economic problem
Define scarcity,
What is the basic economic problem,
What does the problem of scarcity...
5
cards
1.1.5 Specialisation & the Division of Labour
Define division of labour,
Define specialisation,
What is one main function of money
4
cards
1.2.5 Elasticity of supply
Define pes,
How is pes calculated,
Explain the pes numerical values
5
cards
1.2.7 Price mechanism
What are the 3 functions of the p...,
Explain the signalling function,
Explain the incentive function
4
cards
1.2.9 Indirect taxes and subsidies
Define indirect tax,
What are the 2 types of indirect ...,
How can specific tax be analysed ...
4
cards
1.3.1 Types of market failure
Define market failure,
List the types of market failure
2
cards
1.3.2 Externalities
What are externalitites,
What is the difference between so...,
Define negative production extern...
11
cards
1.3.3 Public goods
What are public goods,
What are private goods,
Why do private sector firms not s...
4
cards
1.4.2 Government failure
What is government failure,
Explain one cause of government f...,
How can government intervention b...
3
cards
1.4.1 Government intervention in markets
What is government intervention,
How may indirect tax be used to c...,
How may maximum price control be ...
7
cards
More about
Paper 1 EBO
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Lamic Haile's Paper 1 EBO flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Economics AS (Microeconomics)
- 9 decks
- 314 flashcards
- 187 learners
Decks:
Microeconomics Key Terms And Definitions, Economic Problem Fop Specialisation Oppo, Demand And Consumer Surlplus, And more!
AS Economics
- 48 decks
- 744 flashcards
- 11 learners
Decks:
Micro Ls1 The Economics Problem, Macro Ls1 Intro To Macroeconomics, Micro Ls2 Economics As A Social Science, And more!
Biology Paper 1
- 32 decks
- 892 flashcards
- 1 learners
Decks:
Biological Molecules Monomers And Polyme, Biological Molecules Carbohydrates, Biological Molecules Lipids, And more!
AS Geography
- 26 decks
- 590 flashcards
- 63 learners
Decks:
Geo Physical Key Terms, Geo Physical Case Studies, 11 The Drainage Basin System, And more!
