This class was created by Brainscape user Markus schutte. Visit their profile to learn more about the creator.
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Markus schutte
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Decks in this class (12)
Economic problem
What is the economic problem 1,
What does finite mean 2,
What does infinite mean 3
10
cards
Demand, Supply, and Market Equilibrium
What is demand 1,
What is supply 2,
What does the p stand for in pasi...
10
cards
Economic assumptions
What is the first economic assump...,
How can the first economic assump...,
What does revenue mean 3
10
cards
Elasticity of Demand and Supply
What is price elasticity of demand 1,
What are the two main categories ...,
What does elastic demand mean 3
10
cards
The mixed economy
What is resource allocation 1,
What is a mixed economy 2,
Name a private business 3
12
cards
Externalities
What is a negative externality 1,
What is a positive externality 2,
What is an example of a negative ...
12
cards
Production
What is production in economics 1,
True or false factors of producti...,
Fill in the blank the __________ ...
10
cards
Productivity and division of labour
What is productivity in economics 1,
True or false higher productivity...,
Fill in the blank the division of...
10
cards
Revenue, cost and profit
What is revenue 1,
True or false profit is calculate...,
Fill in the blank total costs con...
10
cards
Competition
What is competition in economics 1,
True or false perfect competition...,
Fill in the blank in a _____ mark...
10
cards
The labour market
What is the definition of the lab...,
True or false the labour market o...,
Fill in the blank the interaction...
10
cards
Government intervention
What is government intervention i...,
True or false government interven...,
Fill in the blank one common form...
10
cards
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Economics
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