This class was created by Brainscape user Chan Terence. Visit their profile to learn more about the creator.
By:
Chan Terence
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Decks in this class (14)
Chapter 1 Basic Concepts in Economics
What is opportunity cost,
What is scarcity,
What does full cost involved
7
cards
Chapter 2 The Three Basic Economic Problem
What are private property rights,
Why are private property rights i...,
Suggest how tradition economy sol...
17
cards
Chapter 3 Equilibrium Market Price
State the law of demand,
State the law of supply,
Explain the phenomenon of surplus...
6
cards
Chapter 4 Change In Demand and Supply
Explain how would the demand of g...,
2
cards
Chapter 5 Elasticity of Demand and Supply
1
cards
Micro Chapter 7 Forms of Business Ownership
What are the features of sole pro...,
What are the features of partnership,
What are the features of a limite...
11
cards
Micro Chapter 8 Production and Division of Labour
What is consumer good,
What is producer capital good,
What is private good
8
cards
Micro Chapter 9 Factors of Production
What are the factors of production,
What is labour supply,
What is
24
cards
Micro Chapter 11 Expansion of firms
State the definition of horizonta...,
State the motives of horizontal e...,
State the definition of vertical ...
10
cards
Micro Chapter 15 Efficiency and Equity
What are the functions of price
1
cards
Macro Chapter 1
What is the definition of gdp,
Explain whether the revenue recei...,
Explain whether the prize money t...
7
cards
Macro Chapter 4 ASAD
Give one reason why the aggragate...,
Give one reason why the short run...,
Explain how market forces can res...
5
cards
Macro Chapter 5
What are the direct taxes in hong...,
What are the indirect tax in hong...
2
cards
Micro Chapter 12 Market Structures
What are the features of perfect ...,
What are the features of monopoli...,
What are the features of oligopoly
3
cards
More about
Economics
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