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More cards in this set
Card 6
Front
What does the market clearing price reflect?
Back
Card 7
Front
What would happen to the price if there is oversupply?
Back
Card 8
Front
What would happen to the producers if there is oversupply?
Back
Card 9
Front
What happends to the price if there is over supply?
Back
Card 10
Front
What happends to the producers if the price is high?
Back
Card 11
Front
Name the three markets within a Market Economy?
Back
Card 12
Front
What does productive assets include?
Back
Card 13
Front
What in the labour market is the "price"?
Back
Card 14
Front
What do people and businesses compete for in a Market Economy?
Back
Card 15
Front
What type of value will scares resources have?
Back
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