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Decks in this class (24)
Scarcity Choice And Potential Conflicts
What is the basic economic problem 1,
Define scarcity 2,
Define opportunity cost 3
27
cards
Enterprise, Business And The Economy
What is creative destruction 1,
Give one example of creative dest...,
What is the main incentive for en...
65
cards
Introduction To The Market
How do prices affect the demand s...,
How will the exchange rates affec...,
What is a niche market 3
47
cards
Role Of Credit In The Economy
How do banks encourage discourage...,
What is a bank s main source of p...,
What is the role of a central bank 3
46
cards
Market Failure And Government Intervention
What do private costs determine a...,
What is the equation for total so...,
Do the mpc and msc lines move par...
45
cards
Revenue, Costs, Profits And Cash
Give the equation for total reven...,
Define marginal revenue and recal...,
What are the two different types ...
51
cards
2-Business Growth And Competitive Advantage
What is the lowest point on the l...,
How do large firms have dominance...,
Why would firms ensure their empl...
117
cards
2-firms Consumers And Elasticities Of Demand
Define and give the formula for p...,
If ped is less than 1 will qd mov...,
What does ped 1 represent 3
68
cards
2-Productive Efficiency
Define productivity 1,
What are the affects of higher pr...,
How can a firm s credit history d...
61
cards
2-Life In A Global Economy
Describe globalisation 1,
How has transport contributed to ...,
Name the international institutio...
63
cards
2-The Economic Cycle
What is the economic cycle 1,
Which stages of the economic cycl...,
Which stages of the economic cycl...
96
cards
2-Introduction To Macroeconomic Policy
What are the 4 main macroeconomic...,
What rate of unemployment does th...,
What is a budget deficit 3
90
cards
3-Globalisation
Which two asian countries have be...,
How has the uk s economy changed ...,
What is free trade 3
61
cards
3-Economic Factors In Business Expansion
Would a saturated market be a pus...,
Would an emerging economy be a pu...,
Define offshoring 3
27
cards
3-Impact Of Globalisation On Global Conpanies
What is glocalisation 1,
What is ethnocentrism 2,
Give one disadvantage of a firm o...
16
cards
3-Impact Of Globalisation On Local And National Economies
What are mncs 1,
How would investing in foreign co...,
Why would mncs choose to shift th...
19
cards
3-Global Labour Markets
How has globalisation contributed...,
Why has production shifted from d...,
Why might unemployment in develop...
45
cards
3-Inequality And Redistribution
Define absolute poverty 1,
Define relative poverty 2,
What does the gini coefficient sh...
21
cards
4-Competition And Market Power
List the 4 types of market struct...,
What is the main goal of a monopo...,
Do markets with monopolies have h...
106
cards
4-Market Power And Market Failure
What is a monopsony 1,
What is likely to happen to wages...,
What is a natural monopoly 3
47
cards
4-Market Failure Across The Economy
When does market failure occur 1,
What is the equation for total so...,
How would you calculate the exter...
57
cards
4-Macroeconomic Policies And Impact On Firms And Individuals
How do prices affect the demand s...,
Recall 3 reasons why the supply c...,
Define the market equilibrium pri...
86
cards
4-Risk And Financial Sector
Describe the difference between r...,
When do banks face risk 2,
Define economic shocks 3
53
cards
Paper 3 - Competition
Define competition 1,
Advantages of competition 2,
Disadvantages of competition 3
485
cards
More about
A Level Economics B Edexcel
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