Show:
Introductory Economics
Supply And Demand
Measuring The Economy
Fiscal And Monetary Policy
Foreign Exchange Rates
100
Fewer Resources than are needed to fill human wants and needs.
What is the main point of Scarcity?
100
Refers to the amount of a product.
What is Supply?
100
Is commonly used as an indicator of the economic health of a country.
What is Gross Domestic Product (GDP)
100
"Wages and prices are not fixable."
What is Keynes theory.
100
The loss of value of a country's Currency.
What is Depreciation.
200
Making the best choice for you.
What is Opportunity Cost?
200
... That as the price of an item goes up, suppliers will attempt to maximize their profits?
What is Law of Supply?
200
... Income earned by residents from overseas investments.
What is Gross National Product.
200
Wages and prices should be flexible.
What is Classical Economics.
200
Increase of value of a currency.
What is Appreciation.
300
Producing a good that you are best at.
What is Absolute Advantage?
300
Number of sellers. Technology. Resource prices. Taxes and subsidies. Expectation of Producers. Prices of other goods the firm could produce.
What is Supply Shifters.
300
... Comparing one country to another because it shows the relative performance of the countries.
What is Real GDP per Capita.
300
The total amount of goods and services.
What is Aggregate Demand.
300
What is the Formula for gross domestic product?
What is C + I + G + (Ex - Im)
400
Someone producing something at the lowest rate.
What is Comparative Advantage?
400
... Refers to how much quantity of a product or service is desired by buyers.
What is Demand!
400
... Prices for goods and services is rising.
What is Inflation.
400
Shows total planned output when both prices and average wage rates can change.
What is Long Run Aggregate Supply.
400
The exchange between two currencies at which one currency will be exchanged for another.
What is exchange rate.
500
Land, Labor, Capital, entrepreneurship.
What is Factors of Production?
500
... If all other factors remain equal the higher the price of a good the less people will demand that good.
What is Law of Demand!
500
A person who is actively searching for employment is unable to find work.
What is Unemployment.
500
Government adjust its spending levels and tax rates monitor and influence a nations economy.
What is Fiscal Policy.
500
Appreciation effect on ASAS graph.
What is Aggregate Demand shift left.