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Tiffany Wong
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Decks in this class (20)
Demand and supply test pp questions
What is the law of demand use the...,
A fall in supply means a contract...,
What is price elasticity and why ...
24
cards
Opportunity cost test pp qs (ME 1-5)
What is the difference between me...,
Describe three characteristics of...,
State whether you agree with the ...
14
cards
Demand and supply
The market is,
How are prices determined in a ma...,
Demand refers to
7
cards
what is economics?
Needs and wants,
Collective wants,
Recurrent wants
25
cards
what is economics/ how economies operate (me ch2)
Aggregate,
5 sectors,
Household sector
57
cards
equilibrium, leakages, etc (ME CH2
Overview of the circular flow model and the relationship between the five sectors in the Australian economy; injections, leakages, equilibrium, disequilibrium (ME chapter 2) Production Possibility Frontier
57
cards
Test questions: ch 1-2
Outline the differences between i...,
The government will increase the ...,
Using an example identify an oppo...
24
cards
Role of consumers, businesses in the Market Economy (ME 4-5) and some additional info
Chapter 4-5
60
cards
How economies differ (ME CH3)
Are total level of greenhouse emi...,
Which of the following is most li...,
Which of the following factors is...
50
cards
Market failure ppt
Market economy,
Mixed market economy,
The rationale for government inte...
37
cards
Roles of government in the modified market economy (ME15
Public sector means,
Public sector outlays,
Influence of keynesian theory ofn
44
cards
Limits of markets: ch14
Why is the market economy effecti...,
What shortcomings does a complete...,
Why is the main cause to the shor...
36
cards
Government in action (ch16), the market failure toolkit
What s the fiscal policy,
What are some possible economic o...,
What is a cap
24
cards
Law of demand (ch6) with textbook qs
Which market are we talking about...,
Individual demand,
Relationship between price and de...
67
cards
Law of supply (ch7) and workbook qs
Intersection of demand curve and ...,
Individual supply is,
Market supply
35
cards
Market equilibrium (ME 8.1-8.4
Market equilibrium,
How do sellers deal with excess s...,
Fall in price results in
34
cards
Competition and market structures (ME 8.5)
Primary aim goal of business,
What is a markert,
Transaction
19
cards
cost benefit analysis
Define cost benefit analysis,
Briefly explain social costs priv...,
Procedure of cost benefit analysis
8
cards
Objectives of economic policies
Microeconomics definition,
Macroeconomics definition,
Economics definition
28
cards
Business cycle
1
cards
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economics
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