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

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economics exam

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