Economics (ECO)
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Economics Documents

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Economics Questions & Answers

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Economics Flashcards

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  • 9 terms

    Term:

    Three reasons for govt. intervention

    Definition:

    correcting market failures (not an efficient, competitive market) changing the distribution of surplus encourage or discourage consumptiondefinition

    • Economics Chapter 6_1
    • 9 terms
    • Vocabulary for Economics Chapter 6_1. Find, create, and access Economics, flashcards with Course Hero.
  • 8 terms

    Term:

    Law of increasing opportunity cost (Why would ppc be concave?)

    Definition:

    -Resources do not transfer perfectly from the production of one good to the other -Increasing quantities of goods only obtained by sacrificing ever-increasing quantities of other goodsdefinition

    • Economics Chapter 2_2
    • 8 terms
    • Vocabulary for Economics Chapter 2_2. Find, create, and access Economics, flashcards with Course Hero.

Economics Courses with Advice

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