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More cards in this set
Card 6
Front
what does it mean if the PPF curve is a straight diagonal curve ?
Back
Card 7
Front
what does it mean if the PPF curve is concave? curving shape ? (normal ppf)
Back
Card 8
Front
when will a PPF curve shift outwards ?
Back
Card 9
Front
what is the idea of comparative advantage ?
Back
Card 10
Front
what is absolute advantage ?
Back
Card 11
Front
what is the difference between the private sector and public sector ?
Back
Card 12
Front
what is a subsidy
Back
Card 13
Front
what is the law of demand
Back
Card 14
Front
what are the macroeconomic objectives for the government
Back
Card 15
Front
what is GDP?
Back
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