Karteikarten
Micro Economics (General)
Karten in diesem Stapel (6)
- 1adverse selectiona situation in which a person at risk is more likely to take out insurance
- 2allocative efficiencyachieved when society is producing an appropriate bundle if goods relative to consumer preferences
- 3Cartelan agreement between firms in a market on price and output with the intention of maximising their joint profits
- 4ceteris paribusa latin phrase meaning 'other things being equal' when looking at one variable with otjer influences equal
- 5command economyan economy where decisions on resource allocation are made by the state
- 6comparative static analysiseffect on equlibrium of a change in the external conditions affecting a market
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- Erstellt von
- Gelöschter Nutzer · Nov 2016
- Aktualisiert
- 1 Dez 2016
- Aufrufe
- 57
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- Erstellt von Fyu Vb · 26 Mär 2016
- Kopiert von Tariq hudda · 30 Nov 2016
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