Economics Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Economics? On this page you'll find 450 study documents about Economics.
Page 4 out of 450 results
Sort by
-
100 Economics Terms Exam Guide 100% Correct Answers
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
-
- $9.49
- + learn more
100 Economics Terms Exam Guide 100% 
Correct Answers 
Scarcity *Ans* the limited nature of society's resources 
Economics *Ans* the study of how society manages its scarce resources 
Efficiency *Ans* the property of society getting the most it can from its scarce resources 
Equity *Ans* the property of distributing economic prosperity fairly among the 
members of society 
Opportunity cost *Ans* whatever must be given up to obtain some item 
Market economy *Ans* an economy that allocates resou...
-
Economics Study Guide 100% Correct Answers #1 |verified|
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
-
- $8.99
- + learn more
Economics Study Guide 100% Correct 
Answers #1 |verified| 
Economics *Ans* social science dealing with study of how people satisfy unlimited/ 
competing wants with careful use of scarce resources. 
Scarcity *Ans* fundamental economic problem facing all societies that result from a 
combination of scarce resources and peoples unlimited wants. 
Opportunity Costs *Ans* cost of next best alternative use of money, time, or resources 
when one choice is made rather than another. 
Trade off *Ans* a...
-
Economics - Unit 1 Economics Fundamentals Exam Guide [100% Correct Answers]
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
-
- $9.49
- + learn more
Economics - Unit 1 Economics 
Fundamentals Exam Guide [100% 
Correct Answers] 
economics *Ans* 1. the study of how individuals and nations make choices about ways to use 
scarce resources to fulfill their needs and wants 
2. Social science that deals with the study of the production, consumption, distribution of goods 
and services and the transfer of wealth to obtain those goods and services. 
scarcity *Ans* a situation in which unlimited wants exceed the limited resources available to 
fu...
-
AQA Economics A Level Year 1 – Microeconomics Exam with 100% Correct Answers |LATEST|
- Exam (elaborations) • 27 pages • 2024
- Available in package deal
-
- $9.99
- + learn more
AQA Economics A Level Year 1 – 
Microeconomics Exam with 100% 
Correct Answers |LATEST| 
Allocative Efficiency *Ans* Occurs when the available economic resources are used to 
produce the combination of goods and services that best matches people's tastes and 
preferences 
Positive Statements *Ans* A statement of fact that can be tested to see if it is incorrect or 
correct 
Normative Statements *Ans* A statement that includes a value judgement and cannot be 
disproved just by looking at ...
-
Economics AQA A LEVEL Exam Elaboration |latest| 100% Correct
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $9.49
- + learn more
Economics AQA A LEVEL Exam 
Elaboration |latest| 100% Correct 
Positive Statement *Ans* A statement that can be tested to see if it's correct or not 
Normative Statement *Ans* A statement that has a value judgement and can't be 
refuted by looking at evidence 
Need *Ans* Something necessary for human survival 
Want *Ans* Something that is desirable 
Economic welfare *Ans* The economic wellbeing of an individual or group of people 
(Human happiness) 
Capital good *Ans* A good used in the pro...
-
Latest High School Economics with 100% Correct Answers
- Exam (elaborations) • 10 pages • 2024
- Available in package deal
-
- $8.99
- + learn more
Latest High School Economics with 
100% Correct Answers 
This is the situation where some necessities have little value while non-necessities have a 
much higher value. *Ans* paradox of value 
These are manufactured goods that are needed to produce other goods and services. 
*Ans* capital goods 
A decision making grid can be used to evaluate these. *Ans* alternative choices of action 
Where would one find a division of labor? *Ans* assembly line 
Why is the study of economics important? *Ans*...
-
Economics: Supply And Demand Final Exam with 100% Correct Answers |UPDATED| #2024
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
-
- $8.19
- + learn more
Economics: Supply And Demand Final 
Exam with 100% Correct Answers 
|UPDATED| #2024 
Demand *Ans* Combination of desire, ability, and willingness to buy a product. 
Quantity Demanded *Ans* Amount demanded at any given price. 
Demand Schedule *Ans* Listing showing the quantity demanded at all possible prices 
that might prevail in the market at any given time. 
Demand Curve *Ans* Graph showing the quantity demanded at each and every possible 
price that might prevail in the market at any give...
-
Introduction to Economics #2024 Exam Prep |100% Correct|
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
-
- $8.59
- + learn more
Introduction to Economics #2024 Exam 
Prep |100% Correct| 
Scarcity *Ans* A fundamental economic problem facing all societies. A condition that 
results from having scarce resources and unlimited wants of people. 
Economics *Ans* A social science that studies how individuals, governments, firms and 
nations make choices on allocating scarce resources to satisfy their unlimited wants. 
Need *Ans* A basic requirement for survival. Food, water, shelter. 
Want *Ans* Something that is desired, but...
-
Economics Test Out with 100% Correct Answers |Latest Release|
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $9.99
- + learn more
Economics Test Out with 100% Correct 
Answers |Latest Release| 
economics *Ans* the study of how people choose to se their limited resources to satisfy 
their unlimited wants 
economy *Ans* a system used to manage limited resources for the production, 
distribution, and consumption of goods and services 
positive economics *Ans* the branch of economics that uses objective analysis to find out 
how the world works; the goal is to describe how things are 
normative economics *Ans* the branch o...
-
Economics Unit 2 Exam Guide [100% Correct] |Latest Release|
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $9.39
- + learn more
Economics Unit 2 Exam Guide [100% 
Correct] |Latest Release| 
demand *Ans* the desire to own something and the ability to pay for it 
law of demand *Ans* price goes up, demand goes down; price goes down, demand goes 
up 
substitution effect *Ans* when consumers react to an increase in a good's price by 
consuming less of that good and more of other goods 
income effect *Ans* change in consumption resulting from a change in real income 
demand schedule *Ans* a table that lists the quantity of...