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Odelyn Xie
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Decks in this class (18)
Scarcity, choice, opportunity cost
What is the fundamental economic ...,
What is choice 2,
Why do choices exist 2
11
cards
Economic Methodology
What are positive statements 1,
What are normative statements 2,
What is ceteris peribus 3
4
cards
Factors of Production
What is land and its reward 1,
How does land affect production 2,
What is labour and its reward 3
12
cards
Resource Allocation in Different Economic Systems
What is transition economies 1,
What is the market economy 2,
What is the planned economy 3
5
cards
Production Possibility Curves
What does a ppc curve show 1,
How does a ppc curve show choice 2,
How is opportunity cost shown in ...
4
cards
Classification of Goods and Services
What is excludability 1,
What is rivalry 2,
What are the types of goods 3
13
cards
Demand and Supply Curves
0
cards
Price, Income and Cross Elasticity
0
cards
Price Elasticity of Supply
0
cards
The Interaction of Demand and Supply
0
cards
Consumer and Producer Surplus
0
cards
Reasons for Government Intervention
Why do government s intervene 1,
What is market failure 2,
What are the forms of market fail...
5
cards
Methods and Effects of Government Intervention in Markets
What are indirect taxes 1,
What are the two types of indirec...,
What is an ad valorem tax 3
19
cards
Adressing Income and Wealth Inequality
What are some economic reasons fo...,
What are the policies to reduce i...,
What is the effect of a minimum w...
4
cards
National Income Statistics
What is gdp 1,
What are the methods to measuring...,
What is the output method 3
3
cards
The Reasons for International Trade
What is absolute advantage 1,
What is factor endowment 2,
What is comparative advantage 3
14
cards
Protectionism
What is protectionism 1,
State the tools of protection 2,
What are tariffs 3
26
cards
Current Account of The Balance of Payments
What is the balance of payments 1,
What is the current account 2,
What is a current account deficit 3
13
cards
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Economics AS SFFC
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