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Elizabeth Glass
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Decks in this class (17)
Chap 1
The study of how humans make deci...,
Human wants for goods services an...,
The father of economics
28
cards
HW 1
In a command economy the ______ m...,
In a _________ most economic deci...,
Which of the following best denot...
13
cards
Chap 2
When the mix of goods being produ...,
All possible consumption combinat...,
When a country can produce a good...
15
cards
Chap 3 and 4
Other things being equal,
Goods that are often used togethe...,
The extra benefit consumers recei...
37
cards
Chap 5
When a given percent price change...,
The percentage change in the quan...,
When the elasticity of demand is ...
16
cards
Chap 6
The relatively short term movemen...,
The process by which capital ages...,
An especially lengthy and deep de...
26
cards
Chap 7
The process whereby an economy as...,
An increase by society in the ave...,
The rate of growth when multiplie...
18
cards
Chap 8
If employers reduce wages for all...,
Unemployment closely tied to the ...,
Those who have stopped looking fo...
14
cards
Chap 9
A loan used to purchase a home in...,
Arbitrary year whose value as an ...,
A hypothetical group of different...
17
cards
Chap 11
The amount of total spending on d...,
The total spending on domestic go...,
A model that shows what determine...
16
cards
Chap 12 and 13
Tax increases or cuts in governme...,
Downward wage and price flexibili...,
Income after taxes
17
cards
Chap 17 and 18
Tax and spending rules that have ...,
When government spending and taxe...,
When the federal government spend...
25
cards
Chap 14
Item of value owned by a firm or ...,
A banks liabilities can be withdr...,
An accounting tool that lists ass...
34
cards
Chap 15
When depositors race to the bank ...,
Money supply velocity nominal gdp,
Institution which conducts a nati...
16
cards
Chap 10 and 16
The gap if any between a nations ...,
A broad measure of the balance of...,
The dollar value of exports divid...
21
cards
Chap 20
When one country can use fewer re...,
A country that can consume more t...,
International trade of goods with...
6
cards
Chap 21 and 19
Laws that block imports sold belo...,
Economic agreement between countr...,
Innovative new product or product...
19
cards
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ECON 2105
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