Theme 1 Flashcards
1
Q
Positive Statements
A
2
Q
Normative Statements
A
3
Q
Ceteris Paribus
A
4
Q
Law Of Demand
A
5
Q
Positive Economics
A
5
Q
Normative Economics
A
6
Q
Scientific Method
A
7
Q
Social Science
A
8
Q
Theory Or Model
A
9
Q
Base Period
A
10
Q
Index Number
A
11
Q
Nominal Values
A
12
Q
Real Values
A
13
Q
Basic Economic Problem
A
14
Q
Capital
A
15
Q
Choice
A
16
Q
Economic Goods
A
17
Q
Entrepreneurs
A
18
Q
Enterprise Or Entrepreneurship
A
19
Q
Factors Of Production
A
20
Q
Fixed Capital
A
21
Q
Free Goods
A
22
Q
Human Capital
A
23
Q
Labour
A
24
Q
Land
A
25
Q
Needs
A
26
Q
Non-Renewable Resources
A
27
Q
Non-Sustainable Resources
A
28
Q
Opportunity Cost
A
29
Q
Renewable Resources
A
