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Card 16

Front

Define "demand"

Back

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Card 17

Front

What is meant by the phrase 'ceteris paribus'?

Back

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Card 18

Front

In the long-run...

Back

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Card 19

Front

In the short-run...

Back

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Card 20

Front

Define "price"

Back

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Card 21

Front

Define "effective demand"

Back

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Card 22

Front

What is the opportunity cost?

Back

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Card 23

Front

What is a positive externality?

Back

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Card 24

Front

What is the situation if a point falls within the boundary of a Production Possibility Frontier?

Back

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Card 25

Front

What is the situation if a point falls directly on the boundary of a Production Possibility Frontier?

Back

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