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sofia song
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Decks in this class (13)
chapter 1-6
What is the basic economic problem 1,
Why do we face scarcity 2,
What is economics 3
75
cards
chapter 7 - demand
What is demand 1,
What is effective demand 2,
State the law of demand 3
25
cards
chapter 8 - supply
What is supply 1,
State the law of supply 2,
What does ceteris paribus mean in...
25
cards
chapter 9 - price determination
What is price determination 1,
What is equilibrium price 2,
What is equilibrium quantity 3
25
cards
chapter 10 - price changes
What causes price changes in a ma...,
What happens to price if demand i...,
What happens to price if demand d...
25
cards
chapter 11 - price elasticity of demand
What is price elasticity of deman...,
What is the formula for ped 2,
What does it mean if ped 1 3
25
cards
chapter 12 - price elasticity of demand
What is price elasticity of suppl...,
What is the formula for pes 2,
What does it mean if pes 1 3
25
cards
chapter 13 - market economic system
What is the private sector 1,
What is the public sector 2,
What is a state owned enterprise ...
40
cards
chapter 14 - market failure
What is market failure 1,
What are common causes of market ...,
What are externalities 3
35
cards
chapter 15 - mixed economy
Blank 1
1
cards
chapter 18 - workers
What are wage factors that attrac...,
What are non wage factors that in...,
What are limiting factors when ch...
25
cards
chapter 19 - trade unions
What is a trade union 1,
What are the main types of trade ...,
What is a craft union 3
25
cards
chapter 20 - firms
What are the three main sectors u...,
How can firms be classified by ow...,
How can firms be classified by si...
31
cards
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econ
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