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

Decks in this class (16)

Chapter 1
Principles of economics how peopl...,
Principles of economics how peopl...,
Principles of economics how the e...
23  cards
Chapter 2
Factors of production 0,
The circular flow diagram 1,
Production possibilities frontier 2
11  cards
Chapter 3
Absolute advantage adam smith 0,
If there is no trade each persons...,
Comparative advantage david ricar...
7  cards
Chapter 4
Quantity demanded 0,
Market 1,
Law of demand 2
28  cards
Chapter 5
Price elasticity of demand 0,
Elasticity 1,
What influences price elasticity ...
13  cards
Chapter 6
Price floor 0,
Price ceiling 1,
Binding price ceiling 2
12  cards
Chapter 7
Consumer surplus 0,
Willingness to pay 1,
Welfare economics 2
11  cards
Chapter 10
Income is the same as expenditure...,
Gdp 1,
Gdp formula 2
16  cards
Final Review
Patient centered medical home 1,
Health care policy triad 2,
Us health system 3
88  cards
Chapter 11
Inflation rate 1,
Producer price index ppi 2,
Problems with cpi 3
12  cards
Chapter 12
Growth factors 1,
Productivity 2,
Productivity living standards and...
23  cards
Chapter 13
Financial system 1,
Categories of financial instituti...,
Financial markets 3
36  cards
Chapter 14
Compounding 1,
Discounting 2,
Risk averse 3
17  cards
Chapter 15
Cyclical unemployment 1,
Explanations for the economy s na...,
Agency that measures unemployment 3
21  cards
Chapter 16
Three functions of money in the e...,
Medium of exchange 2,
Unit of account 3
38  cards
Chapter 17
Hyperinflation 1,
Inflation 2,
Quantity theory of money 3
12  cards

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Economics

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