Macro key terms 0.0 / 5 ? EconomicsMacroeconomicsA2/A-levelAQA Created by: TeganLMCreated on: 10-04-19 14:07 fixed assets used in the productive process in order to produce a finished ‘consumer’ good capital goods 1 of 6 An economic system where most factor resources are allocated by the government command economy 2 of 6 when one country can produce a good or service at a lower opportunity cost than another comparative advantage 3 of 6 an economy can produce a greater total of goods for the same quantity of inputs. absolute advantage 4 of 6 weighted price index measuring changes in the average cost of living consumer price index 5 of 6 a country tries to devalue its currency to increase its price competitiveness in domestic and overseas markets. competitive devaluation 6 of 6
OCR economics, global economy economic growth chapter notes 5.0 / 5 based on 1 rating Teacher recommended
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