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Carin Pienaar
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Decks in this class (11)
Chapter 1 - What Economics Is all about
What is the basic fact of economi...,
What is central to economics 2,
What are wants 3
30
cards
Chapter 14 - The Monetary Sector
0
cards
Chapter 2 - Economic Systems
Name the 3 economic systems 1,
What are the 3 central questions ...,
Describe the traditional economic...
23
cards
Chapter 3 - Production, Income & Spending in a Mixed Economy
What are stocks in an economy giv...,
What are flows give examples 2,
Is production a flow or stock 3
21
cards
Chapter 4 - Demand, Supply & Prices
Who determines supply 1,
Is demand a flow or stock 2,
Who determines demand 3
10
cards
Chapter 5 - Demand & Supply In Action
Name 4 possible sources of an inc...,
What happens to supply when deman...,
What will be the result if there ...
12
cards
Chapter 6 - Elasticity
What does elasticity imply 1,
With what is price elasticity of ...,
In the case of demand curve which...
24
cards
Chapter 12 - Factor Markets: Labour
Labour is a costly factor of prod...,
Which 2 forces is responsible for...,
What is the substitution effect i...
29
cards
Chapter 7 - Utility Approach
What does utility express 1,
What is the purpose of consumer b...,
What is cardinal utility 3
20
cards
Chapter 9 - Production & Cost
What is average revenue 1,
What is marginal revenue mr 2,
What is a short run 3
24
cards
Chapter 10 - Perfect Competition
What are price makers price sette...,
What is the shape of the demand c...,
What shape is the demand curve fo...
7
cards
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Ec
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