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An Le
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Decks in this class (7)
Market Failure: Externalities & Common Pool Resources
What is allocative efficiency,
What are positive externalities,
What is the issue with merit goods
9
cards
Role of government
What are the reasons for governme...,
What are the main forms of govern...,
What is direct provision of services
6
cards
Supply elasticity
What is price elasticity of supply,
What are the determinants of pes,
Explain the determinant time
8
cards
demand elasticity
What is price elasticity of demand,
What are the determinants of ped,
Explain the determinant
16
cards
Critique of Maximizing Behavior (HL)
What are the assumptions of consu...,
What is consumer rationality,
What is utility maximization
22
cards
Public goods
What are public goods,
What does non excludable mean,
What does non rivalrous mean
5
cards
Market Failure: Asymmetric Information
When does asymmetric information ...,
What are the consequences of asym...,
What is adverse selection
6
cards
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Microeconomics theory
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