into to econ L1
🇬🇧
In Inglés
In Inglés
Practique preguntas conocidas
Manténgase al día con sus preguntas pendientes
Completa 5 preguntas para habilitar la práctica
Exámenes
Examen: pon a prueba tus habilidades
Course needs 15 questions
Aprenda nuevas preguntas
Modos dinámicos
InteligenteMezcla inteligente de todos los modos
PersonalizadoUtilice la configuración para ponderar los modos dinámicos
Modo manual [beta]
Seleccione sus propios tipos de preguntas y respuestas
Modos específicos
Aprende con fichas
Completa la oración
Escuchar y deletrearOrtografía: escribe lo que escuchas
elección múltipleModo de elección múltiple
Expresión oralResponde con voz
Expresión oral y comprensión auditivaPractica la pronunciación
EscrituraModo de solo escritura
into to econ L1 - Marcador
into to econ L1 - Detalles
Niveles:
Preguntas:
13 preguntas
| 🇬🇧 | 🇬🇧 |
| What is economics | The study of how societies allocate scarce resources to satisfy unlimited wants |
| Macroeconomic | The branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy |
| Microeconomics | The branch of economics that considers the behaviour of decision takers within the economy, such as individuals, households and firms |
| What is ceteris paribus | Holding other things constant or all other things to be equal |
| Whats a positive statement | Are testable, even if they may not necessarily be true. can be proven (will) |
| Whats a normative statement | Based on opinions or ethics—what someone believes should be. cant be proven (should) |
| Whats value judgement | Subjective moral beliefs |
| Factors of production | Land, labour, entrepreneur and capital |
| Examples of macroeconomic data in exams: | • Inflation • Unemployment • National income • Balance of payment statistics |
| Microeconomic examples | Data on output from a particular industry. • Price movements • Productivity levels |
| Money is not... | Capital |
| Whats opportunity cost | Fundamental concept that refers to the value of the next best alternative forgone. |
| What are free goods | A product is only free if all the resources required for its supply were free. |