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

Decks in this class (14)

1. Chapter 1
Where does he word economy come from,
What is scarcity,
What are the four principles of d...
18  cards
5. Chapter 15
What type of firm is a price take...,
What are the three barriers to en...,
What are the pros to laws governi...
23  cards
5. Chapter 16
What is oligopoly,
What is monopolistic competition,
What are the 3 attributes of a mo...
12  cards
5. Chapter 17
What is an oligopoly,
What is game theory,
What s a duopoly
15  cards
6. Chapter 10
What is an externality what are p...,
What is social cost,
What would the benevolent social ...
18  cards
6. Chapter 11
What are the two characteristics ...,
What are the four categories good...,
What is a positive externality an...
8  cards
6. Chapter 22
What are the 3 topics at the disc...,
What is information asymmetry,
What is a moral hazard agent prin...
18  cards
5. Chapter 14
What is a competitive market,
What is a price taker,
What is the average revenue and m...
16  cards
1. Chapter 2
Why is it hard for economists to ...,
What do economists use instead of...,
What models do economists use to ...
13  cards
2. Chapter 21
What is the budget constraint,
What does it mean if a customer i...,
What is an indifference curve
25  cards
3. Chapter 13
What is industrial organization,
What is the total revenue for a firm,
What does profit equal
19  cards
4. Chapter 4
What is the market,
What is the competitive market,
What does perfectly competitive mean
14  cards
4. Chapter 7
What is a positive analysis compa...,
What is welfare economics,
What is the willingness to pay
14  cards
4. Chapter 6
What are the two roles of economists,
What is the price ceiling and the...,
What is the difference in not bin...
17  cards

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econ 111

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