Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chapter 2

Cowen and Tabarrok

TermDefinition
Preferences The value a person puts on a good or service. The reason trades occur is the seller has a lower value of the item they are selling than the buyer.
Autarky A nation or person is economically self-sufficient. Produces all goods and services they consume
Absolute Advantage the ability to produce the same good using fewer inputs than another produce
Productivity in economics, measures output per unit of input, such as labor, capital or any other resource
PPF shows all the combinations of goods that a country can produce given its productivity and supply of inputs
Comparative Advantage the ability to produce a good with a lower opportunity cost
Created by: eclardy