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economics chapter 5 micro

This class was created by Brainscape user Armaan Farouq. Visit their profile to learn more about the creator.

By: Armaan Farouq
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Decks in this class (10)

indirect tax
Analysis of indirect tax graph 8 ...,
Ways to evaluate indirect tax,
Links for evaluating ped
5  cards
regulation
Evaluate regulatory capture,
Analysis of regulation graph,
Global agreement para
5  cards
subsidies
Subsidies graph analysis,
Ped subsidy,
Difficult to set at right level
5  cards
direct state provision
Describe direct state provision g...,
Government failure and real resou...,
Market solutions always outperfor...
4  cards
minimum price
Describe minimum price graph,
May depend on ped paragraph,
Real resource opportunity cost pr...
4  cards
maximum price
Maximum price analysis,
Ped inelastic,
Possibility of regulatory capture
3  cards
price mechanism
Signalling function,
Rationing function,
Incentive function
4  cards
Externalities
Negative externality of production,
Negative externality of consumption,
Positive externality of production
4  cards
definitions/ other micro knowledge
Market failure,
Government failure,
Complete market failure analysis
5  cards
pollution permits
What is a pollution permit,
Advantages of permit,
Negatives of permits
3  cards

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economics chapter 5 micro

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