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Topic 1-intro to economics

This class was created by Brainscape user Amritpal Judge. Visit their profile to learn more about the creator.

By: Amritpal Judge
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Decks in this class (13)

What is economics part 1 ?
What is economics 1,
Blank 2
2  cards
What is economics part two ?
What are the two things economics...,
What affects consumption 2
2  cards
What factors effect Production?
What 3 factors affect production 1,
Describe the 3 factors which affe...
2  cards
What is scarcity
What is scarcity in your own words 1
1  cards
Supply And Demand
What is another word for producti...,
Is there only one type of scarcit...,
Does human wants ever stop 3
13  cards
Scarcity and Society 1
Because of scarcity what does soc...,
What does society do with all of ...
2  cards
Scarcity and Society 2
Society tends to use all of its r...,
What can result if the government...,
Blank 3
13  cards
Scarcity and Society 3
If aggregate demand increase what...,
If the rate of inflation is high ...,
Inflation is high why can t homem...
11  cards
Opportunity costs-threshold 1
If there are two choices either e...,
The more money you spend on games...,
The production or the consumption...
14  cards
Opportunity costs thresh hold one part 2
Microeconomics is concerned with ...,
Demands in society can be answere...,
If an economy changes something i...
12  cards
Market types
What do you think the meaning of ...,
Think of some advantages of havin...,
Think of some disadvantages withi...
4  cards
Models in economics
What do you think are economic mo...,
Can models be projected mathemati...,
Example of economic models 3
12  cards
Supply and demand 4/5
The price of goods services incre...,
If price of goods services increa...,
If the price of something increas...
8  cards

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Topic 1-intro to economics

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