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(504) Economics and Society

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

By: Natallie Kh
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Decks in this class (12)

01 Macroeconomics Bird's Eye View of the Economy
Main actors in economy 1,
What do households do 2,
What do firms do 3
23  cards
02 Thinking Like an Economist
Scarcity no free lunch principle 1,
Cost benefit principle 2,
Incentive principle 3
15  cards
03 Supply and Demand
Substitutes 1,
Complements 2,
Shortage 3
50  cards
04 Elasticity
Price elasticity of demand 1,
If price elasticity is greater th...,
Formula for elasticity 3
34  cards
05 Perfect Competition
Productivity 1,
As price increases firms in a per...,
Average variable cost avc 3
32  cards
06 Monopoly
Imperfectly competitive firms 1,
Monopoly 2,
Monopolistic competition 3
25  cards
08 - 12 Intro to Law
The cga applies to 1,
The cga now includes 2,
Section 2 of cga defines consumer...
20  cards
08 - 12 Legal Systems
Different powers of government leg 1,
Different powers of government ex...,
Different powers of government ju...
7  cards
08 - 12 Constitution
Written constitution 1,
Unwritten constitution 2,
The new zealand constitution is d...
7  cards
08 - 12 Contracts
Definition of contract 1,
Contracts can be verbal or in wri...,
Features of contract law 3
16  cards
08 - 12 Fair Trading Act
Fta 1986 ensures 1,
Pre sale protection 2,
Anyone can 3
13  cards
07 Externalities
External cost negative externality 1,
Externality 2,
External benefit positive externa...
4  cards

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(504) Economics and Society

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