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Card 6

Front

What is 'exchange'?

Back

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Card 7

Front

What are some benefits of specialisation?

Back

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Card 8

Front

What are some disadvantages of specialisation?

Back

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Card 9

Front

What is 'division of labour'?

Back

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Card 10

Front

What does division of labour effectively improve? What problems can division of labour cause for workers?

Back

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Card 11

Front

What does a production possibility frontier/curve show?

Back

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Card 12

Front

What does an outward shift in the PPF show? What about an inward shift?

Back

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Card 13

Front

What does an outward rotation of the PPF show?

Back

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Card 14

Front

What 2 main reasons might cause an outward shift in the PPF?

Back

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Card 15

Front

What is a market economy?

Back

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