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Ishaac Ali
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Decks in this class (14)
Pack 3
Explain the assumptions behind co...,
Explain what is meant by effectiv...,
Explain what is meant by a contra...
10
cards
Pack 1
What is economics 1,
What is the difference between po...,
What is a value judgement and giv...
9
cards
Pack 2
Define the term production possib...,
What does a ppf look like when th...,
Explain what a ppf looks like whe...
17
cards
Pack 4
Define equilibrium price 1,
Explain excess demand and supply ...,
Define the term free market econo...
10
cards
Pack 5
Explain price elastic and inelast...,
Explain the 4 key factors which a...,
Formula for ped 3
10
cards
Pack 6
How is yed calculated 1,
Distinguish between normal and in...,
Give 2 examples of goods which ar...
10
cards
Pack 7
Formula for pes 1,
Define pes 2,
Explain 4 factors affecting pes 3
8
cards
Pack 8
Define producer surplus 1,
Define consumer surplus 2,
How would you show producer and c...
4
cards
Pack 9
Define market failure 1,
Define externality 2,
Define third party 3
8
cards
Pack 10
Describe with examples the 2 char...,
Describe with examples the 2 char...,
Explain why public goods are unde...
8
cards
Pack 11
Define state provision 1,
Define information provision 2,
Two ways in which information may...
10
cards
Pack 12
Define the term indirect tax 1,
Explain how taxes work to correct...,
Outline benefits of using a tax t...
12
cards
Pack 13
Briefly outline why intervention ...,
Define the term tradable pollutio...,
Explain how a tradable pollution ...
18
cards
Pack 14
Define the term government failure 1,
Explain why government failure ma...,
Explain why government provision ...
4
cards
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Economics Theme 1
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