Category: Economics

• 22.11

  What is the Production Possibilities Frontier (PPF) model used in the study of economics?

• 21.11

  What is the Circular Flow Diagram model used in the study of economics?

• 20.11

  Why are models useful in studying economics?

• 19.11

  What is the role of assumptions in economics?

• 18.11

  How is the scientific method applied to the study of economics?

• 17.11

  How is the study of economics akin to the study of a scientific discipline?

• 16.11

  What are the ten principles of Economics?

• 15.11

  What is the relationship between inflation and unemployment?

• 14.11

  What is inflation and what causes it?

• 13.11

  What determines a nation’s standard of living?