AQA A Level Economics Compiled Bundle Verified 2024. $27.45 Add To Cart
9 Items
Allocative Efficiency - Answer Occurs when the available economic resources are used to produce the combination of goods and services that best matches p... [Show More]
Accelerator Effect - Answer Capital investment is linked positively to expected growth of consumer demand. If National income rises then Investment is ex... [Show More]
Composite Demand - Answer when a good is demanded for two or more distinct uses Derived Demand - Answer when the demand for one good is the result o... [Show More]
perfect competition - Answer a market structure in which a large number of firms all produce the same product Perfectly competitive market Characteris... [Show More]
positive statement - Answer An objective statement that can be tested against facts to be declared either true or false. normative statement - Answer ... [Show More]
Economic Activity - Answer The combination of resources to produce an output of goods or services Resources ( = factors of production) - Answer Inpu... [Show More]
macroeconomics - Answer involves the study of the whole economy at the aggregate level policy objective - Answer a target or goal that policy-makers... [Show More]
How does government failure occur? - Answer Government failure occurs when government intervention in the economy leads to a misallocation of resources ... [Show More]
GDP - Answer Total value of goods and services produced within a country within a year GDP per capita - Answer Total value of goods and services pro... [Show More]
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