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economics exam

This class was created by Brainscape user Anita Ferrari. Visit their profile to learn more about the creator.

By: Anita Ferrari
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Decks in this class (14)

basic economic problem
What is scarcity 5 1,
What are the 4 resources 2,
Difference needs and wants 2 3
43  cards
demand
What is demand 1,
Draw a demand curve and describe 2,
What is effective demand 3
24  cards
supply
What is supply 1,
Supply curve description 2,
Why does a supply curve slope upw...
7  cards
markets
What is a market 1,
Why do markets exist 4 2,
Features of a free market 3 3
29  cards
production and costs
What is production 1,
Structure of industry 4 2,
What is specialisation 3
32  cards
unemployment
What is the traditional method to...,
What is the labour force survey 4 2,
Advantages of the labour force su...
19  cards
government finance
Why does the government spend mon...,
What are the 4 canons of taxation 2,
What are direct taxes 3
48  cards
inflation
What is inflation 1,
What is the consumer prise index 2,
Advantages of low inflation 6 3
29  cards
economic growth and GDP
What is economic growth 2 1,
What is sustainable economic grow...,
How is gdp measured 3 3
16  cards
global economic activity
What is absolute advantage 1,
What is comparative advantage 2,
Why do countries have ca or aa 3
10  cards
FDI
Benefits of fdi on host country 4 1,
Disadvantages of fdi on host coun...,
Benefits of fdi on home country 5 3
12  cards
balance of payments
What does bop show 1,
What does the current account show 2,
What is balance of trade in goods 3
14  cards
exchange rates
What is an exchange rate 1,
Factors affecting demand and supp...,
Interest rates effect on exchange...
26  cards
developing and emerging economies
What are developed countries 1,
What are developing countries 2,
Characteristics of developing cou...
13  cards

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economics exam

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