'Good x' presentation slideshows

CH 4-6 Review Game Supply and Demand Review Game

CH 4-6 Review Game Supply and Demand Review Game. Suppose that baggy jeans were fashionable in the early 1990 become unfashionable in the late 1990s. If other factors were held constant, then there would be A) a rightward movement along the supply curve.

1.19k views • 81 slides

Chapter 1

Chapter 1. What is economics? The study of scarcity, incentives, and choices. The branch of knowledge concerned with the production, consumption, and transfer of wealth . ( google ) Wealth The health, happiness, and fortunes of a person or group. ( google ) Economics Models

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Models in AP Economics

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Perfect Competition

Perfect Competition. John R. Swinton, Ph.D. Center for Economic Education Georgia College & State University. Perfect Competition. Question: Suppose that roses are produced in a perfectly competitive, increasing-cost industry in long-run equilibrium with identical firms.

374 views • 16 slides

Perfect Competition

Perfect Competition. John R. Swinton, Ph.D. Center for Economic Education Georgia College & State University. Perfect Competition. Question: Suppose that roses are produced in a perfectly competitive, increasing-cost industry in long-run equilibrium with identical firms.

609 views • 16 slides

The Market at Work: Supply and Demand

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Chapter 3A Practice Quiz Consumer Surplus, Producer Surplus, and Market Efficiency

307 views • 12 slides

Externality

Externality. John R. Swinton, Ph.D. Center for Economic Education Georgia College & State University. Externality. Question: Assume that the market for good X is perfectly competitive and that the production of good X creates a negative externality. Externality.

297 views • 11 slides

The budget constraint

The budget constraint. Consumers need income to buy goods and they must pay prices. These features limit what the consumer can have. Budget constraint or budget line.

334 views • 8 slides

Comparative v Absolute Advantage

Comparative v Absolute Advantage. Absolute Advantage. given the exact same resources, country A can produce more of a good than country B. Comparative Advantage. given the same resources, country B produces good X at a lower opportunity cost

174 views • 8 slides