Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Economics > Last Minute > Flashcards

Last Minute Flashcards

1
Q

3 Interventionist Strategies

A

Protectionism
Development of human capital
Development of Infrastructure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

3 Market based strategies

A

Privatisation
Trade Liberalisation
Removal of gov subsidies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Benefits of trade

A

Comparative advantage
Economies of scale

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Costs of trade

A

Over dependence
Structural unemployment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Terms of trade calculation

A

Index of export prices / index of import prices * 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Benefits of trade bloc

A

Economies of scale - competitiveness
Lower prices for consumers - consumer surpluses

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Economics (18 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions