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A.Starving Duck
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Decks in this class (27)
1. Scarcity
What is a resource,
What are needs,
What are wants
15
cards
2. Production Possibility Curves
What is a ppc,
How many goods are there on a ppc...,
What does it mean if the curve is...
9
cards
3. Factors of Production and Resources
What is a factor of production,
What are the 4 factors of production,
What is a consumer good
16
cards
4. GDP & Economic Growth
What does gdp stand for,
What does gdp mean,
What are the components of gdp 5
19
cards
5. Real GDP vs Nominal GDP
Why may a countrys gdp change ove...,
Why might the nominal gdp be misl...,
How would you get the real gdp fr...
7
cards
6. Economic Growth or Economic Welfare?
What are the benefits of economic...,
What are the downsides of economi...,
What is sustained economic growth
9
cards
7. The Economic Cycle
What are the different stages of ...,
What does the economic cycle show,
What is economic growth
8
cards
8. Components of the NZ Economy
What are real flows,
What are money flows,
Where do households receive their...
18
cards
9. Economic Systems
What are some characteristics of ...,
What are the advantages of a mark...,
What are the disadvantages of a m...
8
cards
10. Government Revenue
What are public goods,
What are merit goods,
What are welfare services
16
cards
11. NZ Macroeconomics
What are the 3 different types of...,
What is macroeconomics,
What could rising total demand or...
35
cards
12. Money
What is money,
What exchange systems were around...,
What is barter
10
cards
13. Demand and Supply
What is the definition of demand,
What is effective demand,
What is the law of demand
16
cards
14. Market Price Equilibrium
What is equilibrium,
Where will excess demand occur on...,
Where will excess supply occur on...
3
cards
15. Elasticity
What is price elasticity of demand,
What goods may be considered as e...,
What goods may be considered inel...
14
cards
16. Labour Markets
What influences jobs that people ...,
What is a wages,
What is a salary
21
cards
17. Trade Unions
What are the common aims of busin...,
What are the common aims of emplo...,
What is a trade union
11
cards
18. Market Failure and Externalities
What is market failure,
What is a complete market failure,
What is partial market failure
20
cards
19. The Stock Market
What is the purpose of selling sh...,
What is market capitalisation,
What is the stock market
11
cards
20. Market Structure
What is market structure,
What are the characteristics of a...,
What does competition encourage
18
cards
21. Size of Business
How would you measure the size of...,
How would you measure the size of...,
What is revenue
20
cards
22. Economies of Scale
What are economies of scale,
What is a purchasing economy of s...,
What is a marketing economy of scale
11
cards
23. Pricing
What is price,
What factors must a business cons...,
What is full cost pricing
22
cards
24. Costs
What are the different types of c...,
Direct costs,
Indirect costs
9
cards
25. Free trade or Protectionism
Benefits of international trade 6,
Disadvantages of uncontrolled trade,
Tariff
8
cards
26. Exports and Imports
Exports,
Imports,
Visible trade
10
cards
27. Inflation
Inflation,
How to measure inflation
2
cards
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Pre-Q Economics
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