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Microeconomics
20問 • 1年前
  • Sab Sescon
    • 通報

    問題一覧

  • 1

    The LIMITED nature of society's resources

    scarcity

  • 2

    The study of how society manages its scarce

    Economics

  • 3

    SCARCITY PRINCIPLE is also called as?

    No-Free-Lunch Principle

  • 4

    It means "by having more of one good thing usually means having less of another"

    Scarcity Principles

  • 5

    When society gets most from its scarce resources (gipa labi)

    Efficiency

  • 6

    When prosperity is distributed uniformly among society members (equal sila)

    Equality

  • 7

    This is the cost of something that you gave up (wala gipili)

    opportunity cost

  • 8

    It is something that induces a person to act, for example: the prospect of REWARD or PUNISHMENT

    incentives

  • 9

    The 4 Principles of HOW PEOPLE MAKE DECISIONS

    1. People face tradeoffs 2. The cost of something is what you gave up to get it 3. Rational people think at the margin 4. People respond to incentive

  • 10

    This is an example of what principle? Ex. When gas prices rises, people buy more hybrid cars and fewer gas guzzling SUVs.

    people respond to incentive

  • 11

    Other term for exchange for service and good

    barter

  • 12

    A group of buyers and sellers

    market

  • 13

    Allocates resources through the decentralized decisions of many households and firms as they interact in the market

    market economy

  • 14

    By ADAM SMITH in The Wealth of Nations (1776): Each of these households and firms acts as if led by an ______ to promote general good economics

    invisible hand

  • 15

    When the market fails to allocate society resources efficiently

    market failure

  • 16

    What are the causes of MARKET FAILURE?

    externalities and market power

  • 17

    A single buyer or seller has substaintial influence on market (ex: monopoly)

    market power

  • 18

    Public policy may promote?

    efficiency

  • 19

    Increases in general level of prices

    inflation

  • 20

    Decreases in general level of prices

    deflation

    • Business Finance

    Business Finance

    Sab Sescon · 46問 · 2年前

    Business Finance

    Business Finance

    46問 • 2年前
    Sab Sescon

    21st century

    21st century

    Sab Sescon · 62問 · 2年前

    21st century

    21st century

    62問 • 2年前
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    intro to philosophy of the human person

    intro to philosophy of the human person

    Sab Sescon · 12問 · 2年前

    intro to philosophy of the human person

    intro to philosophy of the human person

    12問 • 2年前
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    UCSP

    UCSP

    Sab Sescon · 22問 · 2年前

    UCSP

    UCSP

    22問 • 2年前
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    Business Math

    Sab Sescon · 33問 · 2年前

    Business Math

    Business Math

    33問 • 2年前
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    Business Finance Quiz

    Business Finance Quiz

    Sab Sescon · 40問 · 2年前

    Business Finance Quiz

    Business Finance Quiz

    40問 • 2年前
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    Business Finance

    Business Finance

    Sab Sescon · 126問 · 2年前

    Business Finance

    Business Finance

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    Sab Sescon · 43問 · 2年前

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    Sab Sescon · 12問 · 2年前

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    Sab Sescon · 78問 · 2年前

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    business finance

    78問 • 2年前
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    Business Finance

    Business Finance

    Sab Sescon · 36問 · 2年前

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    Business Finance

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    Business Math

    Sab Sescon · 20問 · 2年前

    Business Math

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    Applied Economics

    Applied Economics

    Sab Sescon · 97問 · 1年前

    Applied Economics

    Applied Economics

    97問 • 1年前
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    Business Ethics Lesson 1

    Business Ethics Lesson 1

    Sab Sescon · 72問 · 1年前

    Business Ethics Lesson 1

    Business Ethics Lesson 1

    72問 • 1年前
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    Business Ethics Lesson 2

    Sab Sescon · 30問 · 1年前

    Business Ethics Lesson 2

    Business Ethics Lesson 2

    30問 • 1年前
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    Principles of Marketing

    Principles of Marketing

    Sab Sescon · 82問 · 1年前

    Principles of Marketing

    Principles of Marketing

    82問 • 1年前
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    Approaches tp Marketing Continuation

    Approaches tp Marketing Continuation

    Sab Sescon · 49問 · 1年前

    Approaches tp Marketing Continuation

    Approaches tp Marketing Continuation

    49問 • 1年前
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    investment and interest rates

    investment and interest rates

    Sab Sescon · 24問 · 1年前

    investment and interest rates

    investment and interest rates

    24問 • 1年前
    Sab Sescon

    Market Structure

    Market Structure

    Sab Sescon · 22問 · 1年前

    Market Structure

    Market Structure

    22問 • 1年前
    Sab Sescon

    business ethics

    business ethics

    Sab Sescon · 52問 · 1年前

    business ethics

    business ethics

    52問 • 1年前
    Sab Sescon

    問題一覧

  • 1

    The LIMITED nature of society's resources

    scarcity

  • 2

    The study of how society manages its scarce

    Economics

  • 3

    SCARCITY PRINCIPLE is also called as?

    No-Free-Lunch Principle

  • 4

    It means "by having more of one good thing usually means having less of another"

    Scarcity Principles

  • 5

    When society gets most from its scarce resources (gipa labi)

    Efficiency

  • 6

    When prosperity is distributed uniformly among society members (equal sila)

    Equality

  • 7

    This is the cost of something that you gave up (wala gipili)

    opportunity cost

  • 8

    It is something that induces a person to act, for example: the prospect of REWARD or PUNISHMENT

    incentives

  • 9

    The 4 Principles of HOW PEOPLE MAKE DECISIONS

    1. People face tradeoffs 2. The cost of something is what you gave up to get it 3. Rational people think at the margin 4. People respond to incentive

  • 10

    This is an example of what principle? Ex. When gas prices rises, people buy more hybrid cars and fewer gas guzzling SUVs.

    people respond to incentive

  • 11

    Other term for exchange for service and good

    barter

  • 12

    A group of buyers and sellers

    market

  • 13

    Allocates resources through the decentralized decisions of many households and firms as they interact in the market

    market economy

  • 14

    By ADAM SMITH in The Wealth of Nations (1776): Each of these households and firms acts as if led by an ______ to promote general good economics

    invisible hand

  • 15

    When the market fails to allocate society resources efficiently

    market failure

  • 16

    What are the causes of MARKET FAILURE?

    externalities and market power

  • 17

    A single buyer or seller has substaintial influence on market (ex: monopoly)

    market power

  • 18

    Public policy may promote?

    efficiency

  • 19

    Increases in general level of prices

    inflation

  • 20

    Decreases in general level of prices

    deflation