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Capitain G
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Decks in this class (15)
Ch 1 - Econ: The Study Of Choice
D scarcity,
D scarce good,
D free good
23
cards
Ch 2 - Confronting Scarcity: Choices In Production
What kind of model is used to exa...,
A set of rules that define how an...,
The resources available to an eco...
15
cards
Ch 3 - Demand and Supply
What are markets,
What is a demand schedule and a s...,
What is the quantity demanded
14
cards
Ch 5 - Elasticity: A Measure of Response
What is elasticity,
What is the price elasticity of d...,
The measure of elasticity which i...
14
cards
Ch 6 - Markets, Maximizers, and Efficiency
What is economic profit,
What is net benefit in the econom...,
The amount by which an additional...
12
cards
Ch 7 - The Analysis of Consumer Choice
If we could measure total utility...,
Th amount by which the total util...,
The law of diminishing marginal u...
12
cards
Ch 8 - Production and Cost
Firms are,
The short run in the microeconomi...,
When the quantity of a factor of ...
15
cards
Ch 9 - Competitive Markets for Goods and Services
Perfect competition is,
What are price takers,
What are identical goods
18
cards
Ch 10 - Monopoly
A monopoly is a firm that,
A firm that sets or picks a price...,
A firm that acts as a price sette...
23
cards
Ch 11 - The World of Imperfect Competition
A market structure with more than...,
A model characterized by many fir...,
A firm that operates to the left ...
16
cards
Ch 12 - Wages and Employment in Perfect Competition
The amount that an additional uni...,
The amount a factor adds to a fir...,
When an increase in the use of on...
5
cards
Ch 18 - The Economics of the Environment
This exists whenever human activi...,
The proposition that if property ...,
An effort to change people s beha...
6
cards
Ch 14 - Imperfectly Competitive Markets for Factors of Production
A market in which there is only o...,
A buyer has _______________ if it...,
An association of workers that se...
11
cards
Ch 17 - International Trade
When an economy or individual can...,
The rate at which a country can t...,
When countries specialize in prod...
11
cards
Ch 19 - Inequality, Poverty, and Discrimination
In this chapter, we looked at three issues related to the question of fairness: income inequality, poverty, and discrimination.
10
cards
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Microeconomics
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