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economics: theme 1
> 1.4.2 - government failure > Flashcards
1.4.2 - government failure Flashcards
Study These Flashcards
Study These Flashcards
economics: theme 1
(16 decks)
1.2.2 - demand
1.2.4 - supply
1.2.7 - price mechanism
1.2.3 - price, income and cross elasticities of demand
1.2.5 - elasticity of supply
1.2.8 - consumer and producer surplus
1.2.6 - price determination
1.1.1 - economics as a social science, 1.1.2 - positive and normative economic statements, 1.1.3 - the economic problem
1.1.4 - production possibility frontiers
1.1.5 - specialisation and division of labour
1.1.6 - free market economies, mixed economy and command economy
1.2.10 - alternative views of consumer behaviour
1.2.9 - indirect taxes and subsidies
1.3 - market failure
1.4.1 - government intervention in markets
1.4.2 - government failure
