This class was created by Brainscape user Sandy Tran. Visit their profile to learn more about the creator.
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Sandy Tran
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Decks in this class (14)
Principles
What is economics and what are it...,
What does microeconomics focus on,
What does macroeconomics focus on
11
cards
Economic Models
What is the scientific method in ...,
What is the purpose of economic m...,
What does the production possibil...
12
cards
Supply and Demand
How is a market defined in economics,
What is the purpose of the supply...,
What are the characteristics of a...
19
cards
Consumer and Producer Surplus
What does a person s willingness ...,
What factors determine a person s...,
How is consumer surplus cs defined
12
cards
Price Contorls
What is a price ceiling and how d...,
Give examples of price ceilings a...,
What are the main inefficiencies ...
16
cards
Elasticities
What does elasticity measure in e...,
How is the elasticity of y with r...,
What does a price elasticity of d...
15
cards
Taxes
How does an excise tax affect mar...,
What do the terms pc and pp repre...,
If an excise tax of t dollars is ...
16
cards
Firms and Production
What are the two main outputs fir...,
Define economic profit and provid...,
Differentiate between explicit co...
18
cards
Perfect Competition
What three factors influence the ...,
What are the two conditions for a...,
Why are firms and consumers in pe...
19
cards
Externalities
What are externalities and how do...,
What are negative and positive ex...,
How does society s interest chang...
16
cards
Monopoly
What defines a monopoly,
What is market power and how does...,
What are the two key reasons for ...
13
cards
Clicker Qs
Ford motors hsa some stee it boug...,
The canadian government introduce...,
Argentina and chile both produce ...
12
cards
EOC Questions
What is the opportunity cost atte...,
What is the opportunity cost watc...,
What is the opportunity cost ride...
27
cards
Achieve Qs
Which of the following is not an ...,
Economics is the study of a finan...,
An economy is a the political org...
65
cards
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ECON 101
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