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Rory Mccarthy
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Decks in this class (8)
Economic concepts and systems
Outline the choices that had to b...,
Outline the choices that had to b...,
Firms had to choose whether to ac...
45
cards
Supply & demand (1)
What is a price taker,
What is the law of demand,
What is the income effect
25
cards
Supply & demand (2)
Price elasticity of demand ped,
Elastic demand,
Inelastic demand
24
cards
Background to demand
Marginal utility theory define ra...,
Marginal utility theory define to...,
Marginal utility theory define ma...
29
cards
Background to supply
Define fixed factor,
Define variable factor,
What is short run
49
cards
Perfect competition and monopoly
Define perfect competition,
Define short run under perfect co...,
Define long run under perfect com...
33
cards
Monopolist competition and oligopoly
Define independence of firms in a...,
Define product differentiation,
State the assumptions of monopoli...
22
cards
Past Paper MC questions
The quantity theory of money assu...,
Assume that the actual rate of un...,
Which of the following factors co...
148
cards
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ifoa - cb2
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