Building Balanced Arguments Flashcards

1️⃣ Familiarise yourself with the flashcards:

  • Look through all the flashcards to see what's on both sides.
  • Make sure you understand the information on each card. If something's unclear, click the link to the revision notes at the bottom of the page for more details.

2️⃣ Test yourself:

  • Look at the question or prompt on each card and try to remember the answer before flipping it over.
  • Check the answer and make a note of any cards you find challenging and need to go over more.

3️⃣ Consistently Review and Practice:

  • Use spaced repetition: spend more time on the cards you struggle with and go over them more often.
  • Regularly review all the flashcards to help you better understand and retain the information over time.

Note: We may include questions that have multiple correct answers. It's useful to remember specific examples to understand these concepts better.

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What is a balanced argument in economics?

It gives both benefits and costs, then makes a fair, reasoned judgement.

What are the three steps to build a clear argument paragraph?

Make a point, give evidence, and explain the effect.

What counts as evidence when you argue?

Data, a case study, or a clear example from a real market.

Who are stakeholders you should consider?

Consumers, workers, firms, the government, and the wider community.

What is a counter-argument?

A point that shows the other side of the issue.

How do you respond to a counter-argument?

Explain why your point still stands, using stronger evidence.

What is the difference between short-run and long-run effects?

Short run means effects soon; long run means effects over a longer time.

What is opportunity cost, and why use it in arguments?

It is the next best option given up. It shows the trade-offs in a choice.

How can you avoid bias in your argument?

Use neutral words, include both sides, and base claims on facts.

How do you make a strong final judgement?

Choose the side with bigger and more likely impacts, and say why with evidence.

Which command words tell you to give a balanced answer?

Discuss, Evaluate, and To what extent.

What does saying “it depends on…” add to your conclusion?

It shows the result may change with key factors, like size of change or time.

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