Quick Revision Quiz

What is the disadvantage of a Minimum Price scheme?
What are three disadvantages of Rent Control?
Define External Economies of Scale
What will cause a Contraction in the Demand curve?
Why will imperfect factor substitution makes a PPF concave towards the origin?
"If a country runs a Current Account SURPLUS, it must be borrowing ________ than it is saving."
Use an AD/AS diagram to explain how a DEPRECIATION in a currency will change GDP growth, unemployment, and inflation as a result of AD shifting right.
AD/AS diagram before depreciation
What are the advantages/disadvantages of Conglomerate Integration?
Give an example of a regressive tax
Whenever Marginal is above Average, Average will . . .

Number of Columns: Gap: Width: