Karten 104 Karten
Lernende 0 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 03.01.2017 / 01.01.2018
Lizenzierung Keine Angabe
98 Exakte Antworten 6 Text Antworten 0 Multiple Choice Antworten
Fenster schliessen

Def Opportunity Costs

The cost of the best alternative that we forgo, or give up, when we make a choice or a decision
Fenster schliessen

Def Marginalism

The process of analysing the additional or incremental costs or benefits arising from a choice or decision
Fenster schliessen

Def Efficient Markets

A market in which profit opportunities are eliminated almost instantaneously
Fenster schliessen

Two Types of Needs

material things and services versus immaterial things
Fenster schliessen

two types of goods

consumer goods versus capital goods
Fenster schliessen

opposite scarce goods 

free goods
Fenster schliessen

what information does the price of a scarce good give?

level of scarcity
Fenster schliessen

two types of prices?

nominal price versus real price