Other flashcards from Microeconomics
The study of how people use their sca...       The inputs, or factors of production,...       The physical and mental effort used t...       The buildings, equipment, and human s...       So-called gifts of nature used to pro...       Managerial and organizational skills ...       Payment to resource owners for their ...       Payment to resource owners for the us...       Payment to resource owners for the us...       The reward for entrepreneurial abilit...       A tangible item used to satisfy human...       An activity used to satisfy human wan...       Occurs when the amount people desire ...       A set of arrangements through which b...       A market in which a good or service i...       A market in which a resource is bough...       A diagram that outlines the flow of r...       Incremental, additional, or extra; us...       The study of the economic behavior in...       The study of the eonomic behavior of ...       A simplification of reality used to m...       A measure, such as price or quantity,...       The assumption, when focusing on the ...       An assumption that describes the expe...       A theory about relationships among ke...       A statement that can be proved or dis...       A statement that represents an opioni...       The incorrect idea tht if two variabl...       The incorrect belieft that what is tr...       Unintended consequences of economic a...