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Card 6

Front

What is opportunity cost?

Back

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Card 7

Front

What is a normative economic question?

Back

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Card 8

Front

What can you say about points along the PPF?

Back

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Card 9

Front

What does PPF/PPC show?

Back

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Card 10

Front

What does it mean if gradient of PPF is constant?

Back

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Card 11

Front

What can cause PPF curve to shift to the right?

Back

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Card 12

Front

What can cause PPF curve to shift to the left?

Back

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Card 13

Front

Why Is PPF usually concave?

Back

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Card 14

Front

What can cause a decreasing marginal return?

Back

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Card 15

Front

What is specialisation?

Back

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