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ECO 1101
  • Kierby Lunar

  • 問題数 37 • 9/6/2024

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    問題一覧

  • 1

    Sub Classification of Economic Analysis

    POSITIVE ECONOMICS, NORMATIVE ECONOMICS

  • 2

    Deals with Casual Relationship

    POSITIVE ECONOMICS

  • 3

    Economics ought to be, value judgements

    NORMATIVE ECONOMICS

  • 4

    all other things held constant or else equal

    CETERIS PARIBUS ASSUMPTION

  • 5

    Creation of goods and service

    PRODUCTION

  • 6

    Economy reaches decision

    ECONOMIC SYSTEM

  • 7

    Consumption choices of the consumer

    MARKET ECONOMY

  • 8

    Controlled economy

    COMMAND ECONOMY

  • 9

    Owned by the state

    SOCIALISM

  • 10

    governmental involvement into a market based economy

    MIXED ECONOMY

  • 11

    creation of goods

    PRODUCTION

  • 12

    use in production

    EMPLOYMENT

  • 13

    Use of economic resources

    CONSUMPTION

  • 14

    particular period of time

    FLOW

  • 15

    point in time

    STOCK

  • 16

    affect savings, money supply, investments

    MONETARY POLICY

  • 17

    control taxes, government expenditures

    FISCAL SUPPLY

  • 18

    exports and imports

    TRADE POLICY

  • 19

    income that go inside

    INFLOWS

  • 20

    go out of the economy

    OUTFLOWS

  • 21

    times income

    MULTIPLIER

  • 22

    consumption choices of the consumers

    MARKET ECONOMY

  • 23

    government makes all decision

    COMMAND ECONOMY

  • 24

    owned by the state

    SOCIALISM

  • 25

    satisfaction to someone

    GOODS

  • 26

    both useful and scarce

    ECONOMIC GOOD

  • 27

    satisfy needs or wants

    UTILITY

  • 28

    used in production goods and services

    ECONOMIC RESOURCES

  • 29

    natural

    LAND

  • 30

    human effort

    LABOR

  • 31

    man made goods

    CAPITAL

  • 32

    economic goods command price

    ENTREPRENEUR

  • 33

    anything of value owned

    WEALTH

  • 34

    payment for use of land

    RENT

  • 35

    payment for use of labor

    WAGES

  • 36

    payment for use of capital

    INTEREST

  • 37

    INCOME OF ENTREP

    PROFIT