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Card 6 / 11:
A balanced federal budget and a balance of trade are considered secondary goals of macroeconomics, while growth in the standard of living (for example) is considered a primary goal. Why do you think that is so?
The course author didn't provide an answer for this question
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Questions & Answers
current economic plans (MDGS) needs
I don't know what is happening
surajkumar
What is the importance of study economics
Wilma
Economic is the study of how humans make decisions in face of sacristy
Wilma
economics is the study of how humans makes decision in the face of scarcity
Kpienta
economics is the study of human behaviour when faced with difficult situation example when goods and services are scarcity.
Sydney
production
place
Price
product
Benedict
why is unemployment rapid in the country
Gyamfi
I need more explanation
Odo
some one who is willing qualified to work but can't find job
jackie
Bethel...explain? please
Abubakar
some one who is willing to work but can't find job
Hawa
unemployment refers to the ability for someone who is capable and willing to work but could not find a job..
Mnoko
some one who not able to find a job
Dennis
please what is the secret of learning?
thomas
explain the various types of cost curve
Short-run average fixed cost (SRAFC)
Short-run average total cost (SRAC or SRATC)
Short-run average variable cost (AVC or SRAVC)
Short-run fixed cost (FC or SRFC)
Short-run marginal cost (SRMC)
Short-run total cost (SRTC)
Romy
what's economic development and growth
what do you understand by Ceteris Paribus?
the external factor will remained constant, except the price
Hasib
explain the uses of microeconomics
uses of microeconomics
Nikita
Adam Smith's definition of economics
what is economic deficit
Amjad
this is a situation whereby a nation's outcome or available resources are not enough to the people thereby causing scarcity
Ariel
prices of Quality demanded is equal to Quality supplied
it's quantity demand and quantity supplied that's called equilibrium
Romy
they deal With prices
NABUBOLO
define the elasticity
NABUBOLO
explain different types of elasticity
NABUBOLO
oops 😬 you are right you talk about quality I tell about quantity
Romy
elasticity is the measurement of the percentage change of one economic variable in response to a change in another
Romy
Cross Elasticity of Demand (XED)
Income Elasticity of Demand (YED)
Price Elasticity of Supply (PES)
Romy
I need to know everything about theory of consumer behavior
Grace
Romy, what is microeconomic?
thomas
What is Economic please
Dauda
Thomas, microeconomics is the study of how consumers, workers, and firms interact to generate outcomes in specific markets
Kieran
Dauda, economics is the study of people and choices. it is on one side the study of wealth and on the more important side, a part of the study if man
Kieran
How does one analyze a market where both demand and supply shift?
That's equilibrium market
Ramon
but an equlibrum can appear twice on the same market...
both in Movement along the Demand/supply curve of shift in the Curve
Gabriel
I Mean on the same curve..
Gabriel
how can consumer surplus be calculated
Franklyn
Source:
OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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