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Economics - Nov to Dec

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

By: sofia donohoe
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Decks in this class (18)

1) Subsidy - MB
What is a subsidy,
Why do governments provide subsidies,
What are merit goods
19  cards
1) Elasticity Diagrams - MMT
How to show ped in a diagram when...,
Why in a ped diagram when demand ...,
What do ped diagrams look like wh...
24  cards
2) What Factors determine Elasticity? - MMT
What s the strongest determinant ...,
Ped if there are lots of close su...,
Ped
32  cards
3) Market Failure (Introduction) - MMT
In a free market economy such as ...,
What happens when there is a chan...,
The price mechanism acts as a kin...
24  cards
4) Externality Diagrams - MMT
What is the demand curve now know...,
What does the marginal,
What is the supply curve now know...
31  cards
2) State Provision - MB
What does government expenditure ...,
What are examples of state provis...,
Governments use to pay for certai...
29  cards
3) Price controls - MB
What is price control,
What is price floor,
What is price ceiling
37  cards
4) Competition policy - MB
Define merger,
Define a cartel,
What is competition policy
19  cards
5) Buffer Stocks - MB
Define a buffer stock,
What is a commodity,
Give examples of buffer stocks
22  cards
6) Legislation and Regulation - MB
Define legislation,
Define regulation,
Define prohibition
32  cards
7) Information Provision - MB
Define information provision,
Market failure can arise from inf...,
Is there a solution to informatio...
20  cards
8) Tradable pollution permits - MB
Define pollution permit system,
Define polluter pays principle,
Define property rights
28  cards
9) Government Failure - MB
Define government failure,
What are examples of government f...,
For a mixed economy to function
14  cards
10) Public-Private Partnership - MB
Define contracting out,
Define competitive tendering,
Define public private partnership
26  cards
5) Information Failure - MMT
How do most world economies alloc...,
What do many economists believe a...,
What do most economies accept abo...
19  cards
6) Public Goods - MMT
What is the most prominent inform...,
What is a third major example of ...,
When do missing markets occur
31  cards
7) Evaluate the consumption/production of merit goods - MMT
What are merit goods,
What are main examples of merit g...,
What are other examples of merit ...
16  cards
8) Evaluate the consumption/production of demerit goods - MMT
What are demerit goods,
The free market will allocate res...,
What are the main examples of dem...
15  cards

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Economics - Nov to Dec

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