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Samy Adel
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Decks in this class (13)
1.1 The nature of the economic problem
What is the basic economic problem 1,
What do governments consumers pro...,
What are human wants 3
6
cards
1.2 Factors of production
What is a factor of production 1,
What are the 4 factors of product...,
What is capital 3
7
cards
1.3 Opportunity cost
What is opportunity cost 1,
When are there opportunity costs 2,
By who is opportunity cost taken ...
3
cards
1.4 Production possibility curve
What is a ppf ppc 1,
What does a movement along the pp...,
How does a ppf show opportunity c...
4
cards
2.2 The role of markets in allocating resources
What are the 3 basic economic que...,
What is a free market system 2,
What is the price mechanism 3
7
cards
2.3 Demand
What is demand 1,
What causes movement along the de...,
What makes demand not effective 3
4
cards
2.4 Supply
What is supply 1,
What causes a supply curve to shi...
2
cards
2.5 Price determination
What determines the price in a ma...,
What is excess demand 2,
What is excess supply 3
3
cards
2.7 PED
What is ped 1,
What is the formula for ped 2,
Ped 1 3
10
cards
2.8 PES
What is pes 1,
Formula of pes 2,
What factors affect pes 3
8
cards
2.9 Market economic system
What is a market system 1,
What are the characteristics of a...,
Give me some pros of a market sys...
5
cards
2.10 Market failure
What is market failure 1,
Give examples of market failure 2,
Social cost formula 3
13
cards
2.11 Mixed economic systems
What is a mixed economy 1,
Give examples of government inter...
2
cards
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Economics
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