Find Flashcards
Make Flashcards
Why It Works
More
Educators
Businesses
Academy
About

Log in
Get Started

Brainscape's Knowledge Genome^TM

Entrance Exams
Professional Certifications
Foreign Languages
Medical & Nursing
Science
English
Humanities & Social Studies
Mathematics
Law
Vocations
Health & Fitness
Business & Finance
Technology & Engineering
Food & Beverage
Fine Arts
Random Knowledge

Top Flashcards (Certified)

Theme 1 - Introduction to Markets and Market Failure > 1.1.3 - The Economic Problem > Flashcards

1.1.3 - The Economic Problem Flashcards

(0 cards)

Theme 1 - Introduction to Markets and Market Failure (22 decks)

1.1.2 - Positive and Normative Economic Statements

1.1.3 - The Economic Problem

1.1.4 - Production Possibility Frontiers (PPF)

1.1.5 - Specialisation and the Division of Labour

1.1.6 - Free market economies, mixed economy and command economy

1.2.1 - Rational Decision Making

1.2.3 - Price, income and cross elasticities of demand

1.2.5 - Elasticity of Supply

1.2.6 - Price determination

1.2.7 - Price Mechanism

1.2.8 - Consumer and Producer Surplus

1.2.9 - Indirect Taxes and Subsidies

1.2.10 - Alternative Views on Consumer Behaviour

1.3.1 - Types of Market Failure

1.3.2 - Externalities

1.3.3 - Public goods

1.3.4 - Information gaps

1.4.1 - Government intervention in markets

1.4.2 - Government failure

Theme 1 Definitions

Key Links
Subjects
Company
- About Us
- Earn Money!
- Academy
- Swag Shop
- Contact
- Terms
- Podcasts
- Careers
Find Us

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions