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Scarce resources
Core economic questions
 
The "economy"
 
Opportunity cost
 
Production possibilities
 
The invisible hand
 
The market mechanism
 
Efficiency
 
Population growth and gdp per capita
 
The fundamental problme of economics
 
Income transfer
 
Comparative advantage
 
Productivity
 
Externalities
 
Gdp per capita
 
Severe poverty
 
Mix of output in the us economoy
 
Demand
 
Quantity demanded
 
Determinants of demand
 
Determinants of supply
 
Equilibrium
 
Surplus
 
Shortage
 
Market failure
 
Justification for government intervention
 
Public good
 
Private good
 
External benefits
 
Progressive tax
 
Utility
 
Substitute goods
 
Complement goods
 
Free rider problem
 
National income accounting
 
GDP per capita
 
Real GDP
 
Inflation
 
Depreciation
 
Net Domestic Product
 
Investment
 
Goals of market participants
 
Entreprenuers
 
Economic growth
 
Production possibilities curve
 
Points inside the PPC
 
Points outside the PPC
 
Increasing opportunity costs
 
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