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George Sinclair
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Decks in this class (17)
Utility
Q what is total utility,
Q what is marginal utility,
Q what is the law of diminishing ...
10
cards
Indifference Curves And Budget Lines
Q what is an indifference curve,
Q what is a budget line,
Q what causes a shift in the budg...
15
cards
Effiency And Market Failure
Q what is productive efficiency,
Q what is allocative efficiency,
Q what are the conditions for pro...
15
cards
Private Costs And Benefits, Externalities And Social Costs And Benefits
Q what are some private costs ass...,
Q what are some private benefits ...,
Q what are some external costs of...
15
cards
Types Of Cost, Revenue And Profit, Short-run And Long-run Production
Q what are fixed and variable fac...,
Q define average product and marg...,
Q what is the law of diminishing ...
25
cards
Different Market Structures
Q what are the types of market st...,
Q what is perfect competition,
Q what characterizes monopolistic...
20
cards
Different Market Structures Continued
Q what does a perfect competitor ...,
Q what happens if a perfect compe...,
Q what is the firm s decision var...
17
cards
Growth And Survival Of Firms
Q why do small firms exist in mar...,
Q what are the two types of growt...,
Q what is horizontal integration
7
cards
Different Objectives And Policies Of Firms
Q what is the standard neo classi...,
Q why might firms pursue objectiv...,
Q what is satisficing in the cont...
13
cards
Govt Policies To Achieve Efficient Resource Allocation And Correct Market Failure
Q what is a pigouvian tax,
Q what is the purpose of a pollut...,
Q what is an ad valorem tax
17
cards
Equity And Redistribution Of Wealth
Q what is equity in the context o...,
Q what is horizontal equity,
Q what is vertical equity
16
cards
Labour Market Forces And Government Intervention
Q what is derived demand for labour,
Q what is marginal revenue produc...,
Q what are the key assumptions of...
14
cards
The Circular Flow Of Income
Q what is the multiplier effect,
Q how does the multiplier process...,
Q what is the formula for the mul...
23
cards
Economic Growth And Sustainability
Q what is actual growth in economics,
Q what is potential growth,
Q what characterizes a positive o...
12
cards
Employment/unemployment
Q what is the general definition ...,
Q what is frictional unemployment,
Q what is equilibrium unemployment
10
cards
Money Supply And Banking
What is money and what primary fu...,
Why is money as a medium of excha...,
What does it mean for money to be...
19
cards
Government Macroeconomic Intervention
What is the effect of an apprecia...,
How does an appreciation of the n...,
What is the impact of an apprecia...
17
cards
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Economics A2
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