Chapter 28 Flashcards

1
Q

Economics needs a press agent. (P-a)

A

Blaðafulltrúi

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2
Q

It is a requirement for elementary and secondary students. (R

A

Skilyrði

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3
Q

It is a requirement for elementary and secondary students. (E

A

Grunnskólanemi

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4
Q

It is a requirement for elementary and secondary students. (S-S

A

Gagnfræðinemi

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5
Q

They are still mocked in the media. (Mo

A

Hæðast að

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6
Q

One sort of answer touts economics as a body of knowledge. (T

A

Hampa

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7
Q

One sort of answer touts economics as a body of knowledge. (B-o-k)

A

Þekkingarbálkur

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8
Q

In the introductory college course. (I

A

Inngangs-

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9
Q

The national council

A

Ríkisráð

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10
Q

Framework for teaching the basic concepts summarizes. (F

A

Skipulag

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11
Q

To clinch a spot for economics. ( c

A

Ná, vinna

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12
Q

Our answer assumes that it’s much more than bundle of concepts. (A

A

G.r.f

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13
Q

Our answer assumes that it’s much more than bundle of concepts. (B

A

Búnt

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14
Q

That insights into the seemingly chaotic confusion. (I

A

Innsýn

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15
Q

That insights into the seemingly chaotic confusion. (Ch

A

Í óreiðu

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16
Q

Of different values, resources, and cultures. (R

A

Auðlind

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17
Q

Note the emphasis in human behavior. (E

A

Áhersla

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18
Q

Almost every aspect of human behavior can be analyzed using an economic approach. (As

A

Hlið

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19
Q

Almost every aspect of human behavior can be analyzed using an economic approach. (H-b

A

Mannlegt atferli

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20
Q

Almost every aspect of human behavior can be analyzed using an economic approach. (An

A

Greina

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21
Q

Almost every aspect of human behavior can be analyzed using an economic approach. (Ap

A

Nálgast

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22
Q

It is this distinctive approach. (D

A

Auðkennandi

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23
Q

It doesn’t furnish a body of settled conclusions immediately applicable to policy. (F

A

Útvega

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24
Q

It doesn’t furnish a body of settled conclusions immediately applicable to policy. (A

A

Nothæfur

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25
Q

It doesn’t furnish a body of settled conclusions immediately applicable to policy. (P

A

Stefna

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26
Q

Its a method rather than a doctrine, an apparatus of the mind. (D

A

Kenning

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27
Q

Its a method rather than a doctrine, an apparatus of the mind. (A

A

Skipulag

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28
Q

Which help its possessor to draw. (P

A

Notandi

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29
Q

Effort

A

Fyrirhöfn

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30
Q

Opportunity cost is the value of the next best alternative. (O-c)

A

Tækifæriskostnaður

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31
Q

Opportunity cost is the value of the next best alternative. (V

A

Gildi

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32
Q

Opportunity cost is the value of the next best alternative. (A

A

Val

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33
Q

The economics perspective .. (P

A

Yfirsýn. Sjónarhorn

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34
Q

Poetical benefits are more fun. (P-b

A

Ávinningur

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35
Q

It has been spoiled by assertions of the. (A

A

Framsetning

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36
Q

With more trade-offs than solutions. (T-o

A

Málamiðlun

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37
Q

They look for the most advantageous combination of costs and benefits. (A

A

Hagkvæmur

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38
Q

They look for the most advantageous combination of costs and benefits. (Com

A

Samsetning

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39
Q

This behavior is self-interested, not selfish. (S-I

A

Byggt á eigin hagsmunum

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40
Q

Individuals are motivated solely by selfishness or.. (So

A

Eingöngu

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41
Q

Not an assumption about particular motivations. (A

A

Ályktun

42
Q

By much richer set of values and preferences. (P

A

Forgangsatriði

43
Q

I have tried to pry them away. (P-a

A

Losa frá

44
Q

That individuals maximize welfare as they conceive it. (M

A

Hámarka

45
Q

That individuals maximize welfare as they conceive it. (W

A

Velferð

46
Q

That individuals maximize welfare as they conceive it. (C

A

Fá hugmynd

47
Q

Whether they be selfish, altruistic, loyal, spiteful or masochistic. (A

A

Óeigingjarn

48
Q

Whether they be selfish, altruistic, loyal, spiteful or masochistic. (S

A

Illgjarn

49
Q

Whether they be selfish, altruistic, loyal, spiteful or masochistic. (M

A

Haldinn sjálfshvíslarhvöt

50
Q

It is also assumed to be consistent over time. (C

A

Samkvæmur sjálfum sér

51
Q

All social phenomena emerge from the choices,. (P

A

Fyrirbæri

52
Q

All social phenomena emerge from the choices,. (E

A

Koma fram

53
Q

Incentives matter. I

A

Hvatning

54
Q

Supply and demand.

A

Framboð og eftirspurn

55
Q

Profits and business behavior. (P

A

Hagnaður

56
Q

Summarize

A

Draga saman

57
Q

The rest is commentary. (C

A

Skýring

58
Q

People respond to incentives’ sounds innocuous enough. (inn

A

Skaðlaus

59
Q

Everyone will admit its validity as a general principle. (V

A

Lögmæti

60
Q

What distinguishes the economist is his insistence on taking. (D

A

Greina sundur

61
Q

What distinguishes the economist is his insistence on taking. (I

A

Ákveðni

62
Q

Economic activity doesn’t occur in a vacuum. (V

A

Í tóma rúmi

63
Q

Cooperation among people is governed. (C

A

Samvinna

64
Q

Market economics depend upon private property ownership. (M-e

A

Markaðsbúskapur

65
Q

Market economics depend upon private property ownership. (-Pp

A

Einkaeign

66
Q

It creates a whole structure of incentives. (S

A

Kerfi

67
Q

Governance

A

Stjórn

68
Q

People gain from voluntary trade. (V

A

Sjálfsviljugur

69
Q

Trade

A

Verslun

70
Q

The trade is made when both parties consider… (P

A

Málsaðila

71
Q

Trade policy is hotly debated, but the logic of individual trades rarely is disputed. (H

A

Harðlega

72
Q

Trade policy is hotly debated, but the logic of individual trades rarely is disputed. (De

A

Umræða

73
Q

Trade policy is hotly debated, but the logic of individual trades rarely is disputed. (Di

A

Umdeilt

74
Q

His labor for a vast array of goods and services. (L

A

Áreynsla

75
Q

His labor for a vast array of goods and services. (V

A

Gríðastór

76
Q

His labor for a vast array of goods and services. (A

A

Fylking

77
Q

His labor for a vast array of goods and services. (G-a-S)

A

Vörur og þjónusta

78
Q

Self-sufficiency is the road to poverty. ( s-s

A

Sjálfsþurftarbúskapur

79
Q

Costs of production and contribute to the price. (C

A

Stuðla að

80
Q

Through the interactions of Byers and sellers. (I

A

Samskipti

81
Q

Secondary-effects

A

Aukaverkun

82
Q

The immediate and visible effects, (I

A

Aðkallandi

83
Q

Effects that are indirectly related to the initial policy. (Ind

A

Óbeint

84
Q

Effects that are indirectly related to the initial policy. (Ini

A

Byrjunar

85
Q

Passage of time

A

Með tíð og tíma

86
Q

Ecological system

A

Vistkerfi

87
Q

One action may create many unintended consequences. (U

A

Óviljandi

88
Q

Rent controls make apartments more affordable to some consumers, but those same controls make it profitable to build and maintain rental housing. (R-c

A

Leigustýring

89
Q

Rent controls make apartments more affordable to some consumers, but those same controls make it profitable to build and maintain rental housing. (Af

A

Viðráðanlegt

90
Q

Rent controls make apartments more affordable to some consumers, but those same controls make it profitable to build and maintain rental housing. (Co

A

Neytendur

91
Q

Rent controls make apartments more affordable to some consumers, but those same controls make it profitable to build and maintain rental housing. (Pr

A

Arðbær

92
Q

Rent controls make apartments more affordable to some consumers, but those same controls make it profitable to build and maintain rental housing. (M

A

Viðhalda

93
Q

The secondary effects is a shortage of apartments. (Sh

A

Skortur

94
Q

Higher taxes provide more revenue for government, (r

A

Tekjur

95
Q

Invest

A

Fjárfesta

96
Q

policy maker

A

Stefnusmiður

97
Q

Or is this Econ stuff just too abstract to be practical? (A

A

Óhlutbundinn

98
Q

Or is this Econ stuff just too abstract to be practical? (P

A

Hagnýtur

99
Q

Approach

A

Nálgast

100
Q

Economics needs a press agent. (E

A

Hagfræði