
Ch2 Economic methodology

Flashcard
•
Social Studies
•
11th Grade
•
Hard
Chloe Zhang
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is microeconomics?
Back
The study of how consumers and businesses behave and interact in individual markets.
2.
FLASHCARD QUESTION
Front
What is macroeconomics?
Back
The study of an economy or group of economies.
3.
FLASHCARD QUESTION
Front
Why do economists use models?
Back
To provide a simplified view of reality and test a particular theory.
4.
FLASHCARD QUESTION
Front
What is a positive statement?
Back
A statement based on fact or actual evidence.
5.
FLASHCARD QUESTION
Front
What is a normative statement?
Back
A statement based on opinion or value judgement that cannot be proven.
6.
FLASHCARD QUESTION
Front
What does ceteris paribus mean?
Back
Other things remain equal; used to simplify change in complex situations.
7.
FLASHCARD QUESTION
Front
What is the short run in economics?
Back
A time period when a firm can change at least one but not all factor inputs.
Create a free account and access millions of resources
Similar Resources on Wayground
12 questions
Introduction to Microeconomics

Flashcard
•
12th Grade
16 questions
PFET: Unit 1, Weeks 1 and 2 Review

Flashcard
•
12th Grade
15 questions
Economics Terms and Concepts

Flashcard
•
KG
12 questions
Economic Basics

Flashcard
•
12th Grade
15 questions
Capitalism Vocab

Flashcard
•
12th Grade
10 questions
Macro Review

Flashcard
•
11th Grade
16 questions
Economic Systems

Flashcard
•
11th - 12th Grade
7 questions
Python - Flow control

Flashcard
•
11th Grade
Popular Resources on Wayground
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
10 questions
Afterschool Activities & Sports

Quiz
•
6th - 8th Grade
15 questions
PRIDE

Quiz
•
6th - 8th Grade
15 questions
Cool Tool:Chromebook

Quiz
•
6th - 8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
20 questions
Bullying

Quiz
•
7th Grade
18 questions
7SS - 30a - Budgeting

Quiz
•
6th - 8th Grade
Discover more resources for Social Studies
14 questions
(A) USHC 1 British Colonies

Quiz
•
11th Grade
17 questions
Unit One Vocab Quiz

Quiz
•
9th - 12th Grade
40 questions
Unit 1: Cradles of Civilization TEST REVIEW

Quiz
•
9th - 12th Grade
13 questions
(E) Standard 1 quiz 4 Federalist/Anti-Federalist

Quiz
•
9th - 12th Grade
16 questions
(C) Unit 1 AOC Quiz

Quiz
•
11th Grade
23 questions
US History – Study Guide Questions

Quiz
•
11th Grade
5 questions
Globes and Map Projections

Passage
•
9th - 12th Grade
20 questions
US Citizenship Test

Quiz
•
11th Grade