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Micro Economics > 3.2 Methods and effects of government intervention in markets > Flashcards

3.2 Methods and effects of government intervention in markets Flashcards

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Micro Economics (14 decks)

1.1 Scarcity, choice and opportunity cost

1.2 Economic methodology

1.3 Factors of production

1.4 Resource allocation in different economic systems

1.5 Production possibility curves

1.6 Classification of goods and services

2.1 Demand And Supply Curves

2.2 Price Elasticity, Income Elasticity, and Cross Elasticity of Demand

2.3 Price Elasticity of Supply

2.4 The interactions of demand and supply

2.5 Consumer and producer surplus

3.1 Reasons for government intervention in markets

3.2 Methods and effects of government intervention in markets

3.3 Addressing the income and wealth inequality

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