Economics Final Exam Review

Front

Tax that increases with income

Back

Progressive

Front

Complement for Pizza

Back

Breadsticks

Front

Not a factor impacting demand

Back

Production Possibilities

Front

Industry with least elastic supply curve

Back

Nuclear industry

Front

Causes of price changes

Back

Changes in Demand, Competitive Markets, Changes in Supply, All of the above.

Front

Not a condition of pure competition

Back

Perfect mobility of resources

Front

Opportunity Cost

Back

Most desirable alternative given up

Front

Incentive for manufacturers to sell products

Back

Making profits on sales

Front

What is a compliment?

Back

A nice thing you tell others

Front

Change in Supply

Back

Supply Curve shifts left or right