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More cards in this set
Card 6
Front
What is an economic good?
Back
Card 7
Front
What are the 3 main onjectives f
Back
Card 8
Front
What is the main objective for an individual?
Back
Card 9
Front
What is a scarce resource?
Back
Card 10
Front
What are the X and Y axis on a PPF?
Back
Card 11
Front
If an economy was productively efficient, where would the economy be on the PPF?
Back
Card 12
Front
If an economy sits with the PPF, what does that mean?
Back
Card 13
Front
What is an opportunity cost?
Back
Card 14
Front
What is the difference between a positive statement and a normative statement?
Back
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