Microeconomía
Macroeconomics
International economics
Development Economics
Potpurri
100
A person who enjoys the use of a good without paying for it
What is a free-rider?
100
Irrigstion systems, fishing grounds, forests, pastures
What are open or common access resources?
100
Based on his work, the gini index was constructed.
Who was Lorenz?
100
A development measure that accounts for income, health and education measures.
What is HDI or Human Development Index?
100
When Long run average cost increases as output increases.
What is decreasing returns to scale.
200
When consumers are identified in different market segments and are charged different prices according to their PED.
What is third-degree price discrimination?
200
They play a fundamental role in the effectiveness of monetary policy.
What are expectations?
200
A firm with operations in more than one country.
What is a multinational corporation or MNC?
200
Chain of events or conditions that inevitably lead back to poverty.
What is a poverty cycle?
200
The excess of actual earnings a producer makes over and above what they were willing to accept for a good.
What is producer surplus?
300
MC=AR
What is allocative efficiency?
300
The working age population minus those who can't or won't work.
What is the labour force?
300
Must be met in order for a depreciation of the currency to improve the current account deficit.
What is the Marshall-Lerner Condition?
300
Moves the market into equilibrium through the interaction of demand and supply
What is the price mechanism?
400
Is considered the main economic problem.
What is scarcity?
400
The reason why an increase in aggregate demand results in a proportionatelly larger increase in national income.
What is the multiplier effect?
400
In the balance of payments, it measures the net change in foreign ownership of domestic financial assets.
What is the financial account?
500
When one party in a transaction has more or better information about the good or service than the other party.
What is assymetric information?
500
Disequilibrium unemployment theory proposed by the neo-clasics.
What is real wage unempoyment?
500
It is an item on the Balance of Payments included to account for possible calculation and statistical mistakes.
What is Errors and Omissions?
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