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Kathryn Ayroud
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Decks in this class (11)
Chapter 2: How to Think Like an Economist
Why do the production possibiliti...,
In the factors of production mark...,
What s a factor of production
16
cards
Chapter 3: Gains from Trade and Comparative Advantage
Without ___ the production possib...,
Absolute advantage,
T fabsolute advantage gives us en...
5
cards
Chapter 4: Supply and Demand
Market,
2 characteristics of a competitiv...,
What is a price taker
26
cards
Chapter 5: Equilibrium of Supply and Demand
Equilibrium occurs when,
The price at which equilibrium oc...,
Equilibrium quantity
20
cards
Chapter 11: Externalities
With a negative externality the e...,
With a positive externality the e...,
What are 2 ways to internalize th...
3
cards
Chapter 1: The Big Ideas of Economics
Drew is happy because they have f...
1
cards
Chapter 17: Monopolistic competition and advertising
In general if a business in a mon...
1
cards
Chapter 16: Price discrimination
Price discrimination will result ...,
One way for an airline to increas...,
T fprice discrimination can only ...
12
cards
chapter 15- monopolies
What is the main cause of monopol...,
List 5 sources of barriers to entry,
Economies of scale
5
cards
Chapter 9: Taxes
Taxes create a wedge between the ...,
Taxes ___ the quantity bought and...,
A tax on buyers shifts the ___ cu...
11
cards
chapter 14- competitive markets
In a competitive market businesse...,
In a competitive market the marke...,
The demand curve mr or price curv...
9
cards
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ECON 101
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