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Unknown Unknown
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Decks in this class (18)
chapter 1- the economic problem
Definition of the basic economic ...,
Definition of economic agents 2,
Definition of public sector 3
10
cards
chapter 11- PED
Definition of sales revenue total...,
Definition of profit 2,
Definition of price inelastic dem...
17
cards
chapter 9- price determination
Definition of market equilibrium 1,
Definition of equilibrium price 2,
Definition of market disequilibri...
8
cards
chapter 7- demand
Definition of demand 1,
Definition of substitutes 2,
Definition of complements 3
7
cards
chapter 8- supply
Definition of supply 1,
State the law of supply 2,
What are the determinants of supp...
8
cards
chapter 2- FOPs
Definition of factors of producti...,
Definition of geographical mobili...,
Occupational mobility 3
5
cards
chapter 3- opportunity cost
Definition of opportunity cost 1,
Why is there an opportunity cost ...,
3 3
3
cards
chapter 4 -PPC
Definition of the production poss...,
Definition of the ppc diagram 2,
What are the 2 conditions for a p...
8
cards
chapter 6- the role of market
Definition of market system 1,
Definition of market equilibrium 2,
Definition of market disequilibri...
5
cards
chapter 12- PES
Definition of pes 1,
Definition of stocks 2
2
cards
chapter 13- market economic system
Mixed economy 1,
Planned economy 2,
What does an economic system desc...
6
cards
chapter 14- market failure
Definition of market failure 1,
Definition of private costs 2,
Definition of external costs 3
12
cards
chapter 16- money and banking
Functions of central bank 1,
Characteristics of money 2,
Definition of money 3
9
cards
chapter 17- households
Definition of disposable income 1,
What is the relationship between ...,
Definition of current expenditure 3
7
cards
chapter 15-mixed economic system
What is the idea of mixed economi...,
Definition of maximum price 2,
Positive sides of maximum price p...
12
cards
chapter 24- inflation&delation
Definition of inflation 1,
Definition of hyperinflation 2,
Definition of deflation 3
8
cards
chapter 39 -current accounts
Define balance of payments 1,
What are visible exports 2,
What are visible imports 3
7
cards
chapter 38- foreign exchange systems
Define appreciation of currency 1,
Define depreciation of currency 2,
Define floating exchange rate sys...
9
cards
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