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Microeconomics

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Microeconomics - Units 1, 2 & 3

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MicroeconomicsVersion en ligne

Microeconomics - Units 1, 2 & 3

par Videla Ana
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

Starts with A

A tax which is a proportion or a percentage of the price charged by the retailer

Starts with B

A market that may develop when imposing minimum and maximum prices

Starts with C

Goods that are used to produce other goods.

Starts with D

A tax which is directly paid to the government by taxpayers

Starts with E

A numerical measure of responsiveness of one variable following a change in another variable.

Starts with F

An economic structure where most decisions are taken through market forces.

Contains G

Various means by which governments seeks to control production and consumption.

Contains H

When quantity supplied is less than quantity demanded.

Starts with I

When the relative change in demand or supply is less than the change in price

Starts with J

When two goods are consumed together.

Contains K

Where buyers and sellers get together to trade.

Starts with L

Natural resources in an economy.

Starts with M

Anything that is generally acceptable as a means of payment.

Starts with N

A statement that is subjective about what should happen.

Starts with O

The cost expressed in terms of the best alternative that is forgone.

Starts with P

A simple representation of the maximum level of output that an economy can achieve when using its existing resources in full.

Starts with Q

Goods that have some but not all of the characteristics of public goods

Starts with R

Income of an organization, also called sales

Starts with S

A situation in which wants and needs are in excess of the resources available

Starts with T

Charges imposed by governments on incomes, profits and some types of consumer goods and services to fund their expenditure.

Starts with U

Occurs when a person is actively searching for a job but cannot find it.

Contains V

As more consume, the benefit to those already consuming is not diminished

Starts with W

A good which is not essential for living

Starts with X

The axis in which quantity es placed on a supply and demand diagram

Starts with Y

A numerical measure of the responsiveness of the quantity demanded following a change in income.

Starts with Z

The numerical value for a PED perfectly inelastic

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