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College - Economics exam prep

This class was created by Brainscape user Lewis Henry. Visit their profile to learn more about the creator.

By: Lewis Henry
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Decks in this class (8)

Basic Economic Problem
What is the basic economic problem,
Scarcity define,
How does scarcity arise
9  cards
Demand Curve Graphs
How to write supply demand graphs
1  cards
How to structure supply and demand Graphs
Where to collect marks when plott...,
When plotting a demand curve grap...
2  cards
Price floors and Price ceilings
What is the purpose of a price ce...,
What is the purpose of a price floor,
Price control
4  cards
Price Elasticity of demand
What is the price of elasticity o...,
In terms of elasticity what does ...,
Price elasticity define
5  cards
Circular flow of Income
What is circular flow of income,
Psychical flow of income,
Monetary flow of income
6  cards
Measuring National Income
Problems encountered in measuring...,
What is national income,
Problems in comparing national in...
5  cards
Market Failure
What is market failure,
Causes of market failure merit de...,
Public goods
5  cards

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College - Economics exam prep

  • Class purpose General learning

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