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ECONOMICS Mid-Term '15

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

By: Gabrielle Germany
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Decks in this class (13)

Chapter 1
An item that we desire but that i...,
Something like air food or shelter,
The study of how people seek to s...
13  cards
Chapter 2
Government programs that protect ...,
The income people receive for sup...,
Level of economic prosperity
19  cards
Chapter 3
The concept that people may decid...,
The force that encourages people ...,
The struggle among producers for ...
15  cards
Chapter 4
When consumers react to an increa...,
The desire to own something and t...,
A graphic representation of a dem...
6  cards
Chapter 5
Tendency of suppliers to offer mo...,
The amount of good available,
A chart that lists how much of a ...
13  cards
Chapter 6
Describes any price or quantity n...,
The point at which quantity deman...,
When quantity demanded is more th...
12  cards
Chapter 7
A product that is the same no mat...,
A market structure in which a lar...,
Any factor that makes it difficul...
19  cards
Chapter 8
A business owned and managed by a...,
An establishment formed to carry ...,
Authorization to start a business...
24  cards
Chapter 9
The wage rate that produces neith...,
Value of output produced,
Labor that requires no specialize...
13  cards
Chapter 10
The direct exchange of one set of...,
Anything that serves as a medium ...,
Something that keeps its value if...
16  cards
Chapter 12
Goods that last a short period of...,
Goods that last for a relatively ...,
The loss of the value of capital ...
12  cards
Chapter 13
Unemployment that occurs as a res...,
Unemployment that occurs when peo...,
Unemployment that occurs when wor...
15  cards
Chapter 18
The extensive organization of an ...,
A nation s gross domestic product...,
Level of farming in which a perso...
9  cards

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ECONOMICS Mid-Term '15

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