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Erstellt / Aktualisiert 03.01.2017 / 01.01.2018
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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
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Def Efficient Markets

A market in which profit opportunities are eliminated almost instantaneously
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Two Types of Needs

material things and services versus immaterial things
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two types of goods

consumer goods versus capital goods
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opposite scarce goods 

free goods
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what information does the price of a scarce good give?

level of scarcity
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two types of prices?

nominal price versus real price