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Unknown Unknown
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Decks in this class (24)
Y1, 5) Market Equlibrium and Disequilibrium
What is the free market 1,
What is equilibrium 2,
How does price affect resource al...
4
cards
Y1 7
Arsi of free market prices acrony...,
Arsi chain of reasoning 2
2
cards
Y1 16 Indirect Taxes
What is an expenditure tax 1,
What is a specific tax 2,
What is an ad valorem 3
5
cards
Y1 17 Indirect Tax in relation to elasticity
When market is elastic 1,
When market perfectly elastic 2,
When market inelastic 3
4
cards
Y1 18 Subsidy
What is a subsidy 1,
Subsidy pros 2,
Subsidy cons 3
3
cards
Y1 19 Min price
What is the intention of a minimu...,
Min price effects in market 2,
Minimum price pros 3
4
cards
Y1 20 Max price
Max price effect in market 1,
Consumer pros 2,
Consumer cons 3
6
cards
Y1 21 Allocative Efficiency
What are the assumptions in an al...,
Where is allocative efficient poi...
2
cards
Y1 22 Market Failure
What is market failure 1,
What are the causes of market fai...
2
cards
Y1 23 Negative externalities
What is a negative externality 1,
Analysis chain for negative exter...,
Analysis chain for negative exter...
3
cards
Y1 24 Positive externalities
Positive externality in production 1,
Positive externalities in consump...
2
cards
Y1 25 Merit and Demerit goods
What is a merit good 1,
Merit good examples 2,
What is a demerit good 3
4
cards
Y1 26 Public goods
What is a pure public good 1,
Pure public good examples 2,
What is the free rider problem 3
5
cards
Y1 27 Tragedy of the Commons
What is a common access resource 1,
What is the tragedy of the commons 2,
Who loses out in tragedy of commo...
3
cards
Y1 28 Government Failure
What is government failure 1,
Why does government failure occur 2,
Government failure unintended con...
3
cards
Y1 29 Indirect tax & market failure
How does indirect tax affect mark...,
Indirect taxation issues 2
2
cards
Y1 30 Subsidy to solve market failure
How does a subsidy solve market f...,
Subsidy drawbacks 2
2
cards
Y1 31 Regulation and Market Failure
What is a regulation 1,
Regulation command 2,
Regulation control 3
5
cards
Y1 32 Tradable pollution permits
Tradable pollution permits chain ...,
Tradable pollution permit cons 2
2
cards
Y1 32.5 State Provision
What is state provision 1,
What is state provision 2,
State provision explanation 3
4
cards
Y1 33 Price controls and market failure
Min price used to solve market fa...,
Max price used to solve market fa...
2
cards
Y1 35 Info provision
What is info provision 1,
Info provision chain of reasoning 2,
Info provision cons 3
3
cards
Y1 36 Property rights and market failure
Property rights used to combat ma...,
Property rights to solve market f...,
Property rights cons 3
3
cards
Y1 38 Free Market
Blank 1
1
cards
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AQA A level Microeconomics, econplusdal summary
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