What is utility?
What is the real-income effect?
what is the substitution effect?
What is the diamond-water paradox?
What happens to total utility as marginal utility goes up or down?
What is consumer optimum?
How do you maximize satisfaction when deciding between two goods?
What is a budget constraint?
What is perfect elasticity?
What is perfect inelasticity?
Normative vs. positive statements
what is an entrepreneur?
what is macro vs. microeconomics?
What do price ceilings cause?
What do price floors cause?
What are the determinants of supply?
What are the determinants of demand?
What is the equilibrium price?