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Card 6
Front
Describe each FOP.
Back
Card 7
Front
Define economic growth
Back
Card 8
Front
What is the entrepreneurs role in FOP?
Back
Card 9
Front
What is the 'law' of demand?
Back
Card 10
Front
What are the factors that effect demand? Give 3.
Back
Card 11
Front
What determines if a good is an 'inferior good'?
Back
Card 12
Front
What is elasticity of demand?
Back
Card 13
Front
What is an elastic good? Give examples.
Back
Card 14
Front
What determines elasticity of demand?
Back
Card 15
Front
What could you tell about a product with an IED of +2.5
Back
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