The Economics Game
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Open Market Operations
(edited 12 years ago)
Original post by Foo.mp3
Adverse Selection (The increased propensity to prefer/select something based on a limited or skewed understanding of the true nature of that something as it is 'bundled' e.g. 'market for lemons')
Opportunity cost - Value of the next best alternative forgone.
says law
Absolute advantage = The ability to produce a good or service at a lower cost per unit than any other agent produces that good or service.
Game Theory
Original post by davidcy147
Game Theory
Renewable resources
Original post by franzk
Renewable resources
externalities.
Original post by tehforum
externalities.
Elastic
Original post by tehforum
externalities.
Ignore me
Original post by franzk
Elastic
information
Original post by franzk
Ignore me again
Original post by tooambitious
Income elasticity of demand
normative
Original post by tehforum
normative
Value
Original post by tooambitious
Ignore me
X-Inefficiency
Original post by Akkuz
X-Inefficiency
costs
Transaction Costs
Original post by davidcy147
Transaction Costs
Trade able pollution permits?
Original post by franzk
Trade able pollution permits?
Tariffs
Original post by mvp47
Tariffs
Factors of production
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