Copyright
Course Navigator
Flashcards - CSET Business - Macroeconomics: General ConceptsNext Set 

Flashcards - CSET Business - Economic Concepts

Chapter 35 / Set (6 cards)
Try it risk-free for 30 days
Flashcards - CSET Business - Economic Concepts
Set
cards
options
1/6 (missed) 0 0
Create Your Account To Continue Studying

As a member, you'll also get unlimited access to over 83,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access
capital goods
A capital good is a durable good that is used in the production of goods or services
Got it
circular flow model
The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc
Got it
Exports
The term export means shipping in the goods and services out of the jurisdiction of a country
Got it
Back to set to study concepts

Ready to move on?

or choose a specific lesson: See all lessons in this chapter
6 cards in set
Front
Back
Exports
The term export means shipping in the goods and services out of the jurisdiction of a country
circular flow model
The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc
capital goods
A capital good is a durable good that is used in the production of goods or services
production possibilities curve
A production–possibility frontier or production possibility curve is a graphical representation of possible combination of two goods with constant resources and technology
economy
An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location
law of increasing opportunity costs
In economics, the law of increasing costs is a principle that states that once all factors of production are at maximum output and efficiency, producing more will cost more than average

To unlock this flashcard set you must be a Study.com Member.
Create your account

Unlock Your Education

See for yourself why 30 million people use Study.com

Become a Study.com member and start learning now.
Become a Member

Already a member? Log In

You are viewing lesson Lesson 18 in chapter 35 of the course:

 Back To Course

CSET Business Test: Practice and Study Guide

35 chapters | 334 lessons | 32 flashcard sets

{{courseNav.course.topics.length}} chapters | {{courseNav.course.mDynamicIntFields.lessonCount}} lessons | {{course.flashcardSetCount}} flashcard set{{course.flashcardSetCoun > 1 ? 's' : ''}}

Ch 35. CSET Business Flashcards

Explore our library of over 83,000 lessons

Browse by subject
Support