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Decks in this class (22)
the economic problem
What are the three key concepts o...,
What is scarcity 2,
What is land as a factor of produ...
25
cards
production possibility diagram
What is a production possibility ...,
What is technical efficiency 2,
What is allocative efficiency 3
14
cards
theory of demand
What is utility 1,
What is total utility 2,
What is marginal utility 3
23
cards
determinants of demand
What causes a movement along the ...,
What causes increases in demand 2,
Causes of a decrease in a demand 3
5
cards
price elasticity of demand
What does the price elasticity of...,
What is the ped formula 2,
What are the five types of ped 3
22
cards
theory of supply
What is supply 1,
What is individual supply 2,
What is market supply 3
14
cards
determinants of supply
What are some determinants of sup...,
Explain how the costs of producti...,
Explain how the prices of other g...
5
cards
markets
What does market forces refer to 1,
What do all markets have in common 2,
What is a free market 3
16
cards
production
What is the primary production 1,
What is secondary production 2,
What is tertiary production 3
11
cards
costs
What are fixed costs 1,
What are variable costs 2,
What is total cost 3
21
cards
market structures
What is perfect competition 1,
What are features of perfect comp...,
What is a monopoly 3
8
cards
market intervention
When does market failure happen 1,
What are causes of market failure 2,
How do monopolies cause market fa...
16
cards
government finance
What is direct tax 1,
What is progressive tax 2,
What is indirect tax 2
18
cards
government economic aims
What are the six macroeconomic ai...,
Explain the macroeconomic aim low...,
Explain sustainable economic grow...
44
cards
government policies
What is fiscal policy 1,
Main tools of fiscal policy 2,
What is expansionary fiscal policy 3
29
cards
national income
What is national income 1,
What is equilibrium national inco...,
Explain the output method of meas...
26
cards
Scotland In The Uk Economy
Name devolved economic powers 1
1
cards
Understanding Global Trade
What are visible trade 1,
What is invisible trade 2,
What is globalisation 3
35
cards
Multinationals
What is a multinational 1,
How do multinationals choose loca...,
Why might multinationals locate i...
10
cards
Exhange Rates
What is the exchange rate 1,
What is a floating exchange rate 2,
Factors which increase decades fo...
14
cards
Balance Of Payments
Blank 1,
Explain double entry accounting i...,
What is in the current account co...
11
cards
Impact Of Global Economy
What are developing economies 1,
What are economic characteristics...,
What are forms of assistance givi...
18
cards
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Higher economics
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