Microeconomics - General Review
Microeconomics - General Review
Microeconomics - General Review
Set of flashcards Details
| Flashcards | 40 |
|---|---|
| Language | English |
| Category | Macro-Economics |
| Level | University |
| Created / Updated | 23.05.2016 / 14.01.2018 |
| Licencing | Not defined |
| Weblink |
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Oppurtunity costs are an important concept in economics because they show that all actions involve tradeoffs
Which of the following statments about the study of economics is false?
Which of the following could be an example of a constraint?
Which of the following demand curves does NOT obey the law of demand?
Which of the following supply functions obeys the law of supply, where Q is quantity, P is price and I is income?
Which of the following would cause an unambiguous increase in the equilibrium price in a market?
Suppose that in the price of good A is $4, the price of good B is $2 an the consumer's income is $60. Which of the following baskets is not on the consumer'2 budget line?
At a consumer's interior optimum solution, which of the following will not necessarily hold true when the consumer can purchase goods x and y?
