Micro essay questions Flashcards
(35 cards)
T1: evaluate the problem of scarcity in the requirement to make choices
T1: evaluate rationality as a way of understanding the behaviour economic agents
T1: evaluate the different objectives of economic agents in an economy
T1: evaluate the effectiveness of incentives on the behaviour of economic agents and resource allocation
T1: evaluate the allocation of resources in different economic systems
T2: evaluate the role of specialisation and the division of labour in addressing the problem of scarcity
T2: evaluate the impacts of changes in price on consumer and producer surplus
T2: evaluate the impacts of changes in demand or supply in one market on a market
T2: evaluate the factors that determine the value of PEDYEDXED and PES
T2: evaluate the usefulness and significance of PED YED XED PES
T2: evaluate the consumption and production of Merrit goods
T2: evaluate the provision of public goods
T2: evaluate the effectiveness of government intervention- TAXATION
T2: evaluate the effectiveness of government intervention - SUBSIDIES
Evaluate the effectiveness of government intervention - GOVERNMENT EXPENDITURE
t2: evaluate the effectiveness of government intervention- price controls but 2024
evaluate the effectiveness of government intervention- BUFFER STOCK SYSTEMS
evaluate the effectiveness of government intervention – public private partnerships partnership
Evaluate the effectiveness of government intervention– legislation and regulation
evaluate the effectiveness of government intervention – tradable pollution permits
Evaluate the effectiveness of government intervention – information provision
Evaluate the effectiveness of government intervention – competition policies
Evaluate the causes and consequences of government failure
Evaluate maximisation and non-maximisation objectives
