Podcast
Questions and Answers
¿?? ???? ?? ?? ?
¿?? ???? ?? ?? ?
???? ???? ?? ??? ??? ?? ???
???? ???? ?? ??? ??? ?? ???
?? ??? ??? ?? ??? ??? ???
?? ??? ??? ?? ??? ??? ???
???? ???? ?? ???? ?? ???? ???
???? ???? ?? ???? ?? ???? ???
Signup and view all the answers
???? ???? ?? ??? ???? ??? ??? ???
???? ???? ?? ??? ???? ??? ??? ???
Signup and view all the answers
何 問 Economy system 에서 자원 配分 是 由 什麼 決定 하는가?
何 問 Economy system 에서 자원 配分 是 由 什麼 決定 하는가?
Signup and view all the answers
어떤 경제정책 이 経済 成長을 촉진하는 가?
어떤 경제정책 이 経済 成長을 촉진하는 가?
Signup and view all the answers
국가 가 어떤 제품을 생산해야 하는가?
국가 가 어떤 제품을 생산해야 하는가?
Signup and view all the answers
무역 障壁 中 何 が 있는가?
무역 障壁 中 何 が 있는가?
Signup and view all the answers
자본주의 اقتصادی sisttem 에서 생산 medios 는 누구의 소유인가?
자본주의 اقتصادی sisttem 에서 생산 medios 는 누구의 소유인가?
Signup and view all the answers
何 問 経済 sisttem 에서는 자원 配分 이 市場 Force 에 의해 결정되는가?
何 問 経済 sisttem 에서는 자원 配分 이 市場 Force 에 의해 결정되는가?
Signup and view all the answers
Study Notes
Microeconomics
- Scarcity: The fundamental economic problem of unlimited wants and needs, but limited resources.
- ** Opportunity Cost**: The value of the next best alternative forgone when making a choice.
-
Supply and Demand: The price and quantity of a good or service are determined by the intersection of the supply and demand curves.
- Law of Supply: As the price of a good increases, the quantity supplied also increases.
- Law of Demand: As the price of a good decreases, the quantity demanded increases.
- Market Equilibrium: The point at which the supply and demand curves intersect, resulting in no excess supply or demand.
-
Consumer Behavior: The study of how individuals make decisions about what goods and services to consume.
- Utility: The satisfaction or happiness gained from consuming a good or service.
- Diminishing Marginal Utility: The decrease in utility gained from consuming additional units of a good or service.
Macroeconomics
- Economic Growth: The increase in the production of goods and services in an economy over time.
- Inflation: A sustained increase in the general price level of goods and services in an economy over time.
- Unemployment: The number of people able and willing to work, but unable to find employment.
-
Fiscal Policy: The use of government spending and taxation to influence the overall level of economic activity.
- Expansionary Fiscal Policy: An increase in government spending or a decrease in taxation to stimulate economic growth.
- Contractionary Fiscal Policy: A decrease in government spending or an increase in taxation to slow down economic growth.
- Monetary Policy: The actions of a central bank to control the money supply and interest rates to influence economic activity.
International Trade
- Gains from Trade: The benefits of trade, including increased efficiency, variety, and innovation.
- Comparative Advantage: The idea that countries should specialize in producing goods and services for which they have a lower opportunity cost.
- Absolute Advantage: The idea that countries should specialize in producing goods and services in which they have a higher productivity.
- Tariffs: Taxes on imported goods and services.
- Trade Barriers: Restrictions on international trade, including tariffs, quotas, and embargoes.
Economic Systems
- Market Economy: An economy in which resources are allocated based on market forces, such as supply and demand.
- Command Economy: An economy in which resources are allocated based on government decisions.
- Mixed Economy: An economy that combines elements of market and command economies.
- Socialism: An economic system in which the means of production are owned and controlled by the state or by the workers themselves.
- Capitalism: An economic system in which the means of production are owned and controlled by private individuals and businesses.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Quiz covering fundamental concepts in microeconomics, macroeconomics, international trade, and economic systems. Test your understanding of scarcity, supply and demand, market equilibrium, and more.
