Scribd Logo
Upload

Welcome to Scribd!

  • Chapter Review - Introduction To Economics

    Uploaded by

    Ńæ Ę Ńŷ
    10 views1 page
    This document provides an overview of key concepts in introductory economics. It covers topics such as what economics and the economy are; productivity and costs; opportunity costs and trade-offs; supply and demand; factors of production; productivity; economic models; markets; laws of supply and demand; demand and supply curves; equilibrium prices; surpluses and shortages; price controls; rationing; market structures; barriers to entry; economies of scale; patents; the relationship between price and quantity supplied; what causes shortages and surpluses; and good financing. The document poses 30 questions to review these fundamental economic terms and concepts.

    Original Description:

    Original Title

    Chapter Review_Introduction to Economics

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides an overview of key concepts in introductory economics. It covers topics such as what economics and the economy are; productivity and costs; opportunity costs and trade-offs; supply and demand; factors of production; productivity; economic models; markets; laws of supply and demand; demand and supply curves; equilibrium prices; surpluses and shortages; price controls; rationing; market structures; barriers to entry; economies of scale; patents; the relationship between price and quantity supplied; what causes shortages and surpluses; and good financing. The document poses 30 questions to review these fundamental economic terms and concepts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Chapter Review - Introduction To Economics

    Uploaded by

    Ńæ Ę Ńŷ
    This document provides an overview of key concepts in introductory economics. It covers topics such as what economics and the economy are; productivity and costs; opportunity costs and trade-offs; supply and demand; factors of production; productivity; economic models; markets; laws of supply and demand; demand and supply curves; equilibrium prices; surpluses and shortages; price controls; rationing; market structures; barriers to entry; economies of scale; patents; the relationship between price and quantity supplied; what causes shortages and surpluses; and good financing. The document poses 30 questions to review these fundamental economic terms and concepts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    INTRODUCTION TO ECONOMICS

    CHAPTERS REVIEW
    1. What is economics?
    2. What is economy?
    3. What is productivity cost? Could you please provide some example?
    4. What is opportunity cost? Please give an example.
    5. Does capital important for running a business?
    6. What is macro and micro economics study about?
    7. What is scarcity? Why many business man/women try to use their scarcity resources?
    8. What is trad-off and opportunity cost? Could you please explain it?
    9. What is demand and supply? Why demand and supply are important in the real world?
    10. Why you have aware cost-benefit analysis?
    11. What are factors of production?
    12. What does it mean “productivity”?
    13. Do human resources important for productivity?
    14. What is economic model refer for?
    15. What is “market” in term of Economics?
    16. What is the law of demand and supply?
    17. What is demand curve?
    18. What is supply curve?
    19. What is Quantity and Supply demand?
    20. What is equilibrium price?
    21. Does surplus and shortage are the same meaning?
    22. What is Price ceiling and Price floor? Does it the same, if so could you provide an example?
    23. What is Rationing refer for?
    24. What is Market structure and monopoly?
    25. Why you have to analyze Barriers to entry?
    26. What is economics of scale?
    27. What is patent? It is also including as an expense in the production cost?
    28. What kind of relationship exists between price and quantity supplied?
    29. Explaining What causes shortages and surpluses?
    30. Please explain about good financing?

    Page | 1

    You might also like