ECON 101 Flashcards
Flashcard sets for ECON 101 shared by students. Study them here or add them to Studyboard.
3 flashcard sets
- ECON 10135 terms ECON 101 Exam Review: Supply and Demand, Elasticity, Costs and Market StructuresWhat is opportunity cost? · What does a production possibilities frontier (PPF) that bows outward imply? ·…
- ECON 10130 terms ECON 101 Final Review: Consumer Choice, Market Equilibrium, Welfare and Market PowerWhat is opportunity cost? · Movement along a demand curve vs a shift of the curve · List the main factors…
- ECON 10130 terms ECON 101 Final Review: Consumer Choice, Market Structures, Labor, Inequality and Market FailuresWhat is diminishing marginal utility? · State the utility-maximizing rule for two goods. · What is the slope…
Also see ECON 101 quizzes.