29 June 2016 Economic : Test

29 June 2016, 900am, Wednesday. Economic : Test

Give the definition

1. the economic problems of scarify
2. opportunity cost
3. concept of macroeconomic and microeconomics
4. normal goods
5. inferior goods
6. complementary goods
7. substitute goods
8. determinants of demand and determinant of supply
9. the law of demand and the law of supply
10. understand the reasons of the demand curve to start to the right or start to left
11. understand the equilibrium, surplus and shortage.