Econ Rocks
Whole Economy
What is Macroeconomics?
Desirable but Limited
What is Scarcity?
Intangible
What is Services?
Failing to allocate resources efficiently
What is Market Failure?
Classroom
What is FH 103?
Households, Firms and Individuals
What is Microeconomics?
The Consequence For Every Action
What is Cost?
Skills and Knowledge
What is Human Capital?
The circular flow model of a market system
What is Product Market and Factor Market?
First Exam
What is February 10th?
MEXB > MEXC
What is The Rule of Rational Choice?
Decisions Made By The Highest Power
What is Hierarchy?
Shows the maximum total output combinations of any goods for an economy
What is the Production Possibilities Curve?
Econ 50 Professor
Who is Professor Pankratz?
Scantron
What is 888E?
Tangible
What is Goods?
Government & Market
What is Mixed Economy?
Produces a good or a service at a lower opportunity cost than others
What is Comparative Advantage?
Extra Credit
What is ETC?
Extra Credit Percentage
What is 4%?
The Effort Given By Workers
What is Labor?
An expert in a specific task
What is Specialization?
Price, Profits, and Property Rights
What is The Three P's?
ETC Classroom
SO 209