Lernkarten

Karten 121 Karten
Lernende 1 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 19.04.2017 / 25.04.2017
Lizenzierung Keine Angabe
Weblink
Einbinden
77 Exakte Antworten 0 Text Antworten 44 Multiple Choice Antworten
Fenster schliessen

which 2 groups of goods are there?

goods for consumption and goods for production
Fenster schliessen

which is not a feature of scarce goods?

limited

has a price

can be found nearly unlimitedly

price gives information about degree of scarcity

Fenster schliessen

what two kinds of price are there?

absolut and real
Fenster schliessen

which price type is mostly used in economics?

real prices
Fenster schliessen

real prices are...?

the market price at the moment

adjusted for inflation

adjusted for interests

including taxes

net prices

Fenster schliessen

How do you measure real prices?

FFC & ABB

CPI & PPI

CDI & TDI

Fenster schliessen

what is a perfectly competitive market?

many buyers and sellers, no single entity has influence on the price
Fenster schliessen

what is a monopoly or oligopoly?

few producers many buyers
Fenster schliessen

what is a noncompetitive market?

producerse jointly influence price
Fenster schliessen

what is the extent of a market?

geographical and product range produced and sold
Fenster schliessen

which two reasons are important for market definition

find actual and potential customers and public policy
Fenster schliessen

what can happen in not perfectly competitive markets?

providers can charge different prices for the same products
Fenster schliessen

what helps customers to decide on a product in a not perfectly competitive market?

brand loyalty, or offers
Fenster schliessen

wrong or right? " Market prices fluctuate over time?"

Right

Wrong

Fenster schliessen

MICRO OR MACRO? Production output in individual businesses or industries

MICRO

MACRO

Fenster schliessen

MICRO OR MACRO? Price of individual goods and services

MICRO

MACRO

Fenster schliessen

MICRO OR MACRO? Distribution of wealth and income

MICRO

MACRO

Fenster schliessen

MICRO OR MACRO? Employment by individual businesses and industries

MICRO

MACRO

Fenster schliessen

MICRO OR MACRO? National production / output

MICRO

MACRO

Fenster schliessen

MICRO OR MACRO? Aggregate price level

MICRO

MACRO

Fenster schliessen

National Income

MICRO

MACRO

Fenster schliessen

MICRO OR MACRO? Employment and unemployment in the economy

MICRO

MACRO

Fenster schliessen

what are the 4 divisions of economics

production, prices, income, employment
Fenster schliessen

which method of economics analyses what ought to be?

normative analysis

positive analysis

Fenster schliessen

which method in economics analysis how things work?

normative analysis

positive analysis

Fenster schliessen

what are the 3 ?s in Scarcity?

What gets produced

When does it get produced

How is it produced

Who gets what is produced

What is the price of the final product?

Fenster schliessen

what resources are allocated in scarcity?

land, labour and capital
Fenster schliessen

Who is the author of the theory of comparative advantage?

David Ricardo

Manuel Mikado

Joan Dèscarrs

Mario Angelotti

Fenster schliessen

How much is the opportunity cost if 

Wood 10 Food 10

for the production of Food?

0

1

10

Fenster schliessen

How much is the opportunity cost if

Food 8 Wood 4

for the production of Food?

1/2

2

4