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

Decks in this class (12)

Pack 1
Why is economics a social science 1,
What is the difference between po...,
What is a value judgement give an...
11  cards
Pack 2
Define the term production possib...,
For a scenario of your choice use...,
For a scenario of your choice use...
19  cards
Pack 3
Explain what is meant by a ration...,
Explain using an example what us ...,
Draw a demand curve diagram to he...
12  cards
Pack 4
Show on a diagram how equilibrium...,
Define the term equilibrium price 2,
Use a diagram to explain the idea...
12  cards
Pack 5
Define ped in words 1,
How is ped calculated 2,
Use numerical examples referring ...
12  cards
Pack 12
Define the term indirect tax 1,
Distinguish between an ad valorem...
2  cards
Pack 6
How is income elasticity of deman...,
Distinguish between normal and in...,
Give two examples of goods which ...
5  cards
Macro Pack 6
Use a diagram to help define actu...,
Jot down causes of actual growth 2,
Use a diagram to help define pote...
20  cards
Macro Pack 7
Define the term cpi 1,
If the cpi rose from 140 to 145 w...,
Explain in a step by step way wha...
21  cards
Macro Pack 8
Define the term balance of paymen...,
Identify and explain the four par...,
Define the term current account d...
17  cards
Macro Pack 9
Define the term monetary policy 1,
Which are the two demand side pol...,
Explain how the base rate alters ...
19  cards
Macro Pack 10
Outline the 3 key areas of public...,
Define fiscal policy 2,
State three ways to achieve an ex...
18  cards

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Economics

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