Top Economics Flashcards

Econ 202 Test 1
Cards: 61| Attempts: 0| Last updated: Sep 22, 2015
  Scarcity
  A Situation In Which Unlimited Wants Exceed T...
  Economics
  The Study Of The Choices People Make To Attai...
  Economic Model
   A Simplified Version Of Reality Used To Ana...
  Microeconomics  Macroeconomics
  Households, Firms, Interaction With Markets A...
Explain The Following Basic Terms Of Microeconomics Flashcards
Cards: 166| Attempts: 0| Last updated: Dec 22, 2019
  Good
  Anything From Which Individuals Receive Utili...
  Utility
  The Satisfaction On Receives From A Good
  Bad
  Anything From Which Individuals Receive Disut...
  Disutility
  The Dissatisfaction One Receives From A Bad
Econ 206 Test 1
Cards: 55| Attempts: 0| Last updated: Sep 16, 2015
  Scarcity And Choice
  Resources Can Produce Or Buy Only A Faction O...
  Opportunity Cost
  The Benefit Given Up By Not Using Resources I...
  Maximizing Decisions
  People Are Maximizers, Conusmbers Maximize Ut...
  Marginal Decisions
  All Decisions Are Based On Weighing Marginal ...
Economics 101: Test 2
Cards: 37| Attempts: 0| Last updated: Sep 22, 2015
  Own-price Elasticity Of Demand (Ed)
  A Measure Of The Responsiveness Of The Quanti...
  Elastic Demand
  The Price Elasticity Of Demand Is Greater Tha...
  Inelastic Demand
  The Price Elasticity Of Demand Is Less Than O...
  Unit Elastic Demand
  The Price Elasticity Of Demand Is One, So The...
Economics 101: Test 1
Cards: 72| Attempts: 0| Last updated: Sep 22, 2015
  Factors Of Production
  The Resources Used To Produce Goods And Servi...
  Natural Resources
  Resources Provided By Nature And Used To Prod...
  Labor
  Human Effort, Including Both Physical And Men...
  Scarcity
  The Resources We Use To Produce Goods And Ser...
Economics Chapter 4 Section 3
Cards: 5| Attempts: 0| Last updated: Sep 17, 2015
  A General Measure Of Responsiveness--an Impor...
  Elasticity
  The Extent To Which A Change In Price Causes ...
  Demand Elasticity
  When A Given Change In Price Causes A Relativ...
  Elastic
  Given Change In Price Causes A Relatively Sma...
  Inelastic
Economics Quest
Cards: 59| Attempts: 0| Last updated: Sep 18, 2015
  What Is Medicaid?
  Healthcare For Low Income Americans Funded By...
  What Is Medicare?
  Healthcare For 65 Years Old And Older. Federa...
  What Is The Heatlh Maintenance Organization A...
  Firms With 25 Or More Employees Must Provide ...
  What Kind Of Physicians Do Employees Normally...
  A Primary Care Physician (PCP) Who Then Refer...
Economics Of Poverty
Cards: 9| Attempts: 0| Last updated: Sep 16, 2015
  What Do Americans Regard As One Of The Most I...
  Poverty, Worse
  What Is Inequality? Why Does It Exist? 
  Inequality Is A Complex Subject, With Many Di...
  Why Is It Difficult To Compare Incomes?
  Differences In Wealth, Temporary Versus Perma...
  When Measuring Money Income, What Important C...
  Social Inequality - Level Of Goods Produced A...
Economics Test Unit 1
Cards: 97| Attempts: 0| Last updated: Sep 18, 2015
  What Did Self Sufficiency Not Recognize In Th...
  The Economic Potential Introduced By Trade An...
  Why Was There A Fundamental Change Towards In...
  To Improve The 'standard Of Living' - Providi...
  What Are The Responsibilities Of An Economic ...
  Make Decisions And Attend To: Producing Goods...
  What Are Merit Goods? What Are Some Examples?...
  Goods Whose Consumption Creates Very Positive...
Economics 2
Cards: 44| Attempts: 0| Last updated: Sep 18, 2015
  For A Monopolist The maximizing rat...
  P=MC
  Rising Marginal Cost Result From 
  Falling Marginal physical product
  Which Of The Following Is Equivalent To ATC
  (FC+VC 
  Which Of The Following Are Factors Of Product...
  Land Labor, Capital, entrepreneurship
Economics Chapter 6
Cards: 15| Attempts: 0| Last updated: Sep 30, 2015
  Unemployment Rate
  Percentage Of The Labour Force That Is Unempl...
  Discouraged Workers
  Persons Who Want A Job But Have Given Up Look...
  Hidden Unemployment
  Discouraged Workers Who Do Not Show Up As Une...
  Marginal Workers
  Workers With A Weak Attachment To The Labour ...
Economics Review
Cards: 16| Attempts: 0| Last updated: Sep 22, 2015
  What Does The Market Demand Curve For A Publi...
  The Total Value That All Individuals Place On...
  If Some Activity Creates Positive Externaliti...
  Subsidized
  What Does It Mean When A Product Produces Sig...
  Resources Are Overallocated To The Industry
  The Rationale For The Ability-to-pay Principl...
  The Marginal Utility Of The Dollar Is Greater...
Micro Economics Chapter 4
Cards: 24| Attempts: 0| Last updated: Sep 18, 2015
  Optimal Mix Of Output
  The Most Desirable Combination Of Output Atta...
  Market Mechanism
  The Use Of Market Prices And Sales To Signal ...
  MArket Failure
  Situation Where The Market Generates Less Tha...
  Market Failure Establishes A Basis For What T...
  Government
Economics Ch. 19 Test
Cards: 12| Attempts: 0| Last updated: Sep 17, 2015
  Developed Nations
  Nations With Relatively High Standards Of Liv...
  Developing Nations
  Nations With Little Industrial Development An...
  Subsistence Agriculture
  Growing Of Just Enough Food By A Family To Ta...
  Infan Mortality Rate
  Death Rate Of Infants Who Die During The Firs...
Managerial Economics
Cards: 5| Attempts: 0| Last updated: Sep 22, 2015
  What Is The Difference Between Business Profi...
  Business Profit =     &nb...
  What Is The Difference Between Free Market Ec...
  Free Market- An Economic System In Which Pric...
  What Is The Difference Between Managers Who S...
  Actions That Don’t Benefit Stockholders...
  Why Is Government Regulation Important?
  Government Uses Scarce Resources
Economics
Cards: 8| Attempts: 0| Last updated: Sep 16, 2015
   Which Statement Most Accurately Defines ...
  A Measurement Of Output Compared To Input
  Which Basic Economic Question Most Relates ...
  How To Produce?
  Which Part Of This Production Cycle Utilizes ...
  Customer Service
  Which Statement Best Defines The Field Of Eco...
  The Study Of Systems Of Production, Resources...
Economics
Cards: 5| Attempts: 0| Last updated: Sep 22, 2015
  When Governement Spending Exceeds Government ...
  Budget Deficit Exists
  What Is The Effect Of Deficit Spending On Int...
  Interest Rates Rise
  An Individual Who Desires The Most Liquid Ass...
  Currency
  A Corporate Bond Is Not As Liquid As Cash Bec...
  Cannot Be Converted To Purchasing Power Eithe...

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