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Card 6

Front

List four types of resources

Back

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Card 7

Front

What is a free market economy?

Back

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Card 8

Front

How does the profit signalling mechanism theory work?

Back

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Card 9

Front

What is consumer sovereignty?

Back

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Card 10

Front

Why is consumer sovereignty important?

Back

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Card 11

Front

What do all economic models optimistically assume?

Back

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Card 12

Front

What is elasticity?

Back

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Card 13

Front

What is the formula for Price elasticity of Demand?

Back

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Card 14

Front

What does PED measure?

Back

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Card 15

Front

What happens when the price of an price elastic products changes?

Back

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