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Micro 4.1.1 economic methodology and economic problem

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

By: Ose Agbon
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Decks in this class (5)

4.1.1.1 Economic Methodology
How is economics a social science,
Similarities of natural and socia...,
Positive statement definition
10  cards
4.1.1.5 Production possibility diagrams
What does a production possibilit...,
What can ppfs show,
Give the five things that a ppf c...
21  cards
4.1.1.4 Scarcity, choice and the allocation of resources
What is the basic economic problem,
What is opportunity cost,
What is an economic good
6  cards
4.1.1.3 Economic Resources
What are the four factors of prod...,
Land,
Labour
11  cards
4.1.1.2 Nature And Purpose Of Economic Activity
What is the central purpose of ec...,
What is a need,
Give examples of a need products
9  cards

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Micro 4.1.1 economic methodology and economic problem

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