Econ: Unit I Essay Questions Review


Unit I Essay 
Chapter 2: Economic Decisions
– scarcity
– tradeoffs
– opportunity cost
– production possibilities frontier
Chapter 3 Economic Systems
– basic economic questions
– traditional system
– market system
– command system
– mixed economy
Chapter 5: Supply & Demand
Chapter 6 Equilibrium
Chapter 7 Market Structures
– characteristics of market structures
– barriers to entry
– nonprice competition
– cooperative pricing


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: