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ECON 1110

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

By: Veronica Wallace
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Decks in this class (18)

Lecture 1/ Chapter 1
Positive statement,
Normative statement,
Behavioral outcomes
17  cards
Lecture 2/ Chapter 20
Poverty line,
Liberalism,
Utility
11  cards
Lecture 3/ Chapter 2
Any point along the production po...,
A point within or under the area ...,
An infeasible point which is outs...
8  cards
Study Guide Questions
The opportunity cost of an item,
It is said that the us is an econ...,
Production possibilities frontier...
35  cards
Lecture 4/ Chapter 3
The producer that requires a smal...,
The producer who has the smaller ...,
Trade can benefit everyone in a s...
6  cards
Lecture 5/ Chapter 4
When the demand curve shifts to t...,
When the demand curve shifts to t...,
A change in price would cause a
6  cards
Lecture 6/ Chapter 5
The price elasticity of demand is...,
Demand tends to be more elastic,
Perfectly inelastic
8  cards
Lecture 7/ Chapter 6
Tax incidence,
Price ceiling,
Price floor
3  cards
Lecture 8/ Chapter 7
Producer surplus,
Efficiency,
Willingness to pay
4  cards
Lecture 9/ Chapter 8
What determines whether the deadw...,
The greater the elasticities of d...,
Deadweight loss
3  cards
Lecture 10/ Chapter 10
Coase theorem,
Externality,
Transaction costs
5  cards
Chapter 13
0  cards
Chapter 14
0  cards
Chapter 15
0  cards
Chapter 17
0  cards
Chapter 18
0  cards
Chapter 19
0  cards
Chapter 20
0  cards

More about
ECON 1110

  • Class purpose General learning

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