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Economics

This class was created by Brainscape user Hannah Joy Stanik®. Visit their profile to learn more about the creator.

By: Hannah Joy Stanik®
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Decks in this class (18)

Chapter 1 Terms
The common sense science of how a...,
Having unlimited wants and thus n...,
Goods or service being finite or ...
22  cards
Ch. 1 Section Reviews
What is economics,
What two,
What character quality is essenti...
13  cards
Chapter 2 Terms
Tabular model,
A graph formed by the plotting of...,
A model that en ables an economis...
21  cards
Ch. 2 Section Reviews
What are the two purposes for eco...,
What advantage does a line graph ...,
For an economist what is the prim...
12  cards
Chapter 3 Section Reviews
Who identified the principle of d...,
What does that principle state,
What are the three functions of p...
8  cards
Chapter 3 Terms
An item that typically experience...,
The number of units of a product ...,
Items that are purchased for pers...
15  cards
Chapter 4 Terms
The amount of goods and services ...,
A law stating that the higher the...,
A tabular model noting the quanti...
14  cards
Chapter 4 Section Reviews
State the law of supply,
Which way does a supply curve slo...,
What three factors could lead to ...
11  cards
Chapter 5 Terms
An increase in the quantity of go...,
The production of more goods and ...,
The production of more goods or s...
12  cards
Chapter 5 Section Reviews
What is a society s economic problem,
How is unemployment a problem for...,
What is the difference between ex...
10  cards
Chapter 6 Section Reviews
1 what economic system prevailed ...,
What was the major economic goal ...,
According to adam smith what were...
18  cards
Chapter 6 Terms
Mercantilism,
Favorable balance of trade,
Laissez faire
16  cards
Chapter 7 Terms
A business firm that is owned by ...,
A lender to whom a debt is owed,
A business firm that is owned by ...
14  cards
Chapter 8 Terms
Shares or portions of ownership i...,
The most prevalent type of stock ...,
A distribution of a portion of th...
21  cards
Chapter 8 Section Reviews
Owning shares of stock not only m...,
What is the most prevalent type o...,
Why do corporations sell stock
18  cards
Chapter 9 Section Reviews
From an economist s point of view...,
What is an industry,
List the four different character...
12  cards
Chapter 9 Terms
Arrangements people have develope...,
A family of common concerns a gro...,
Products that are different from ...
20  cards
Chapter 7 Chapter Reviews
What are the advantages of sole p...,
What are the disadvantages of sol...,
What are the advantages of a part...
12  cards

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Economics

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