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Mini quiz
Scarce resources
Core economic questions
The "economy"
Opportunity cost
Production possibilities
The invisible hand
The market mechanism
Efficiency
Population growth and gdp per capita
The fundamental problme of economics
Income transfer
Comparative advantage
Productivity
Externalities
Gdp per capita
Severe poverty
Mix of output in the us economoy
Demand
Quantity demanded
Determinants of demand
Determinants of supply
Equilibrium
Surplus
Shortage
Market failure
Justification for government intervention
Public good
Private good
External benefits
Progressive tax
Utility
Substitute goods
Complement goods
Free rider problem
National income accounting
GDP per capita
Real GDP
Inflation
Depreciation
Net Domestic Product
Investment
Goals of market participants
Entreprenuers
Economic growth
Production possibilities curve
Points inside the PPC
Points outside the PPC
Increasing opportunity costs
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