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Decks in this class (18)
Exam 1 -Chapter 1
Economists believe that all peopl...,
Scarcity,
Economics
83
cards
Exam 1- Chapter 2 Production And Trade
The key to a global economy accor...,
Efficiency,
Production possibilities frontier
54
cards
Exam-1 Chapter 3 Global Economic System
What are the basic economic quest...,
Economic system,
There are two primary economic sy...
127
cards
Exam -1 Chapter 4 Supply And Demand
What is the value a goods determi...,
Demand,
When does the demand shift
90
cards
Econ 102 - Exam 1 - Sample 1
The importance of scarcity is tha...,
The economic problem is created b...,
_____ true false the nature of ec...
41
cards
Exam-1 Chapter -5 Global Economics
Exchange rates,
Floating exchange rates,
What makes the value of a currenc...
103
cards
Econ 102 - Exam 1 - Sample 2
Things that are valuable are thin...,
Because of the answer to question...,
A good is anything that
33
cards
Exam -2 Chapter 6- Consumers And Firms
Utility,
Cardinal utility,
Ordinal utility
152
cards
Exam -2 Chapter-7 Production And Costs
Businesses combine what to create...,
Firms seek to maximize profits,
Fixed inputs
86
cards
Exam -2 Chapter 8 Perfect Competition And Monopoly
Firms can be classified into 4 in...,
Perfectly competitive industries,
Competitive firms
145
cards
Exam-3 Chapter 9 Imperfect Competition And Mulitinational Corporation
Multinational corporations,
Product differentiation,
Substitutes
87
cards
exam 2 - sample 2
A consumer at a grocery store fin...,
The value of goods to consumers i...,
True false the marginal utility c...
38
cards
Final exam - Lecture 1 Notes
What are the 3 assumptions of mon...,
Monopoly,
Why must a monopoly lower its price
38
cards
Final exam - Lecture 2 Notes
How to control monopolies,
The point is to control the monop...,
Nv energy was told to sell for a ...
24
cards
Final Exam - Lecture 3 Notes
What is the governments responsib...,
4 types of businesses,
What type of the two businesses a...
28
cards
Exam 3 - Chapter 10 - Factor Markets
What do all factors of production...,
Marginal physical product mpp,
In general we expect that the mpp...
96
cards
Exam 3 - Extra Reading Notes
Monopoly can,
Monopolies strong influence power,
Markets may produce a misallocati...
33
cards
Exam 3 - Sample 3
A monopoly that exists because of...,
A government created monopoly suc...,
A payment in excess of opportunit...
43
cards
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ECON 102
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