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Economics - Introduction to markets and market failure

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

By: Adam Morris
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Decks in this class (4)

The nature of economics
What are positive economic statem...,
What are normative economic state...,
What is the basic economic problem
32  cards
How Markets Work
What two assumptions are made by ...,
Define demand,
What does the shape of the demand...
79  cards
Market Failure
What is the meaning of market fai...,
Give three types of market failure,
What is marginal social benefit w...
19  cards
Government Intervention
What is an indirect tax an what a...,
What are the two types of indirec...,
How can indirect taxes be used by...
28  cards

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Economics - Introduction to markets and market failure

  • Class purpose General learning

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