Print Options

Card layout: ?

← Back to notecard set|Easy Notecards home page

Instructions for Side by Side Printing
  1. Print the notecards
  2. Fold each page in half along the solid vertical line
  3. Cut out the notecards by cutting along each horizontal dotted line
  4. Optional: Glue, tape or staple the ends of each notecard together
  1. Verify Front of pages is selected for Viewing and print the front of the notecards
  2. Select Back of pages for Viewing and print the back of the notecards
    NOTE: Since the back of the pages are printed in reverse order (last page is printed first), keep the pages in the same order as they were after Step 1. Also, be sure to feed the pages in the same direction as you did in Step 1.
  3. Cut out the notecards by cutting along each horizontal and vertical dotted line
To print: Ctrl+PPrint as a list

20 notecards = 5 pages (4 cards per page)

Viewing:

EC 110 Test 1

front 1

comparative advantage is related to

back 1

opportunity cost

front 2

when each person specializes in producing the good in which he or she has a comparative advantage, total production in the economy..

back 2

rises

front 3

if a decrease in income increases the demand for a good, then the good is

back 3

an inferior good

front 4

when we move along a demand curve

back 4

all nonprice determinants of demand are held constant

front 5

when demand is elastic, a decrease in price will cause

back 5

an increase in total revenue

front 6

a decrease in demand is represented by

back 6

leftward shift of demand curve

front 7

the quantity demanded of a good is the amount that buyers are

back 7

willing and able to purchase

front 8

two goods are substitutes when a decrease in the price of one good

back 8

decreases the demand for the other good

front 9

on a downward sloping linear demand curve, total revenue reaches its maximum value at the

back 9

midpoint of the demand curve

front 10

demand is inelastic if the price elasticity of demand is

back 10

less than 1

front 11

which of the following is not a determinant of the demand for a particular good

back 11

the prices of the inputs used to produce the good

front 12

an increase in the price of a good will

back 12

decrease quantity demanded

front 13

a decrease in the price of a good will

back 13

decrease quantity supplied

front 14

The most obvious benefit of specialization and trade is that they allow us to

back 14

consume more goods than we otherwise would be able to consume

front 15

the law of demand states that, other things equal, when the price of a good..

back 15

falls, the quantity demanded for the good rises

front 16

other things equal, the demand for a good tends to be more inelastic, the..

back 16

fewer the available substitutes

front 17

the opportunity cost of an item is

back 17

what you give up to get that item

front 18

a production possibilities frontier is a straight line when

back 18

the rate of tradeoff between the two goods being produced is constant

front 19

wheat is the main input in flour, if the price of wheat decreases, then we would expect the..

back 19

supply of flour to increase

front 20

the price elasticity of demand measures how much

back 20

quantity demanded responds to change in price