This class was created by Brainscape user Olivia Leblanc. Visit their profile to learn more about the creator.
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Olivia Leblanc
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Decks in this class (13)
chapter 1
The study of the choices that ind...,
Any system for the production dis...,
Seek to show the relationship amo...
19
cards
chapter 2
The general rules or principles g...,
Aim was to build up the states tr...,
The difference in value of the go...
17
cards
chapter 3
Production of goods that result f...,
Four main categories in factors o...,
What is listed as a fifth factor ...
24
cards
chapter 4, laws of supply and demand
The amount of a good that is boug...,
The relationship between a good s...,
Value in use
33
cards
chapter 5
Refers to the means through which...,
Signed that are used by consumers...,
Goods that have a life expectancy...
17
cards
chapter 6, the good that competition does
The result of competition is bett...,
What is competition,
Groups of firms that produce simi...
23
cards
chapter 7, efficiency of production
The quality of producing effectiv...,
The total amount invested in the ...,
The total amount of a good that i...
16
cards
economic exam
The desire to work to improve one...,
The value of the best alternative...,
Groups of firms that produce simi...
20
cards
chapter 8, why everybody needs to save
The commitment of resources to a ...,
Sector that does the majority of ...,
One who borrows money
25
cards
chapter 9, what money is good for
Anything that is generally accept...,
Three functions of money,
The direct exchange of one good f...
25
cards
chapter 10, government and the economy
An establishment system of politi...,
Two primary purposes of government,
Five ways by which governments ca...
11
cards
chapter 11, successes & difficulties in the market economy
The three criticism of the market...,
Recurrent fluctuations in the lev...,
Four maim components of a cycle
17
cards
chapter 12, promise & performance in the command economy
Event in 1917 which began the ris...,
The promotion of one s own nation...,
An economic system based upon pub...
9
cards
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economics
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