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Here is a list of the terms and definitions on each card.

Card 1:
Term: Absolute advantage
Definition: One country has an absolute advantage over a second country in the production of a commodity if, and only if, the first country can produce that commodity more cheaply than the second country can.
Card 2:
Term: Comparative advantage
Definition: One country has a comparative advantage over a second country in the production of a commodity if, and only if, the first country can produce that commodity more cheaply in terms of another commodity than the second country can.
Card 3:
Term: Contractarian ethic
Definition: A contractarian ethical theory is a theory claiming that ethics consists in an enforced contract among ethical egoists designed to prevent dilemmas of cooperation, such as the Prisoner’s Dilemma situation.
Card 4:
Term: Difference principle
Definition: The difference principle says a distribution of rights and responsibilities is just if, and only if, everyone receives the same resources unless an unequal distribution results in the least well-off receiving more than in the strictly equal distribution.
Card 5:
Term: Direct utilitarianism
Definition: Direct utilitarianism treats utilitarian reasoning as a decision procedure and judges each case according to a calculation of the utilities it causes.
Card 6:
Term: Economic utilitarianism
Definition: Economic utilitarianism is a form of preference-satisfaction utilitarianism where we measure the utility of a good or service to someone according to her willingness to pay for it.
Card 7:
Term: Ethical egoism
Definition: Ethical egoism is the ethical theory that agents ought always to maximize their own self-interest.
Card 8:
Term: Indirect utilitarianism
Definition: Indirect utilitarianism treats utilitarian reasoning as a justification procedure, and advocates obedience to rules, respect for rights, inculcation of virtues, and the creation of whatever policies are necessary to produce maximum aggregate utility.
Card 9:
Term: Law of comparative advantage
Definition: Ricardo’s law of comparative advantage states that there exist terms of trade under which two countries will both gain from trade if they specialize in producing goods in which they have a comparative, not an absolute, advantage.
Card 10:
Term: Law of diminishing marginal utility
Definition: The law of diminishing marginal utility states that as the consumption of a given economic good increases, the marginal utility produced by the consumption of one additional unit of the good tends to decrease.
Card 11:
Term: Law of factor-proportions
Definition: The law of factor-proportions says the owners of a country’s relatively abundant factors will gain from free trade, while the owners of a country’s relatively scarce factors will lose.
Card 12:
Term: Law of increasing marginal cost
Definition: The law of increasing marginal cost states that, in the short-run, the marginal cost of producing each additional item will tend to increase.
Card 13:
Term: Libertarianism
Definition: Libertarianism holds that a distribution of rights and responsibilities is just if, and only if, it respects people’s natural rights to self-ownership.
Card 14:
Term: Marginal utility
Definition: The marginal utility of an economic good or service is the additional utility gained through the consumption of one additional unit of that good or service.
Card 15:
Term: Market failures
Definition: Conditions where the assumptions of perfect condition do not hold and markets are not efficient are market failures.
Card 16:
Term: Moral standing
Definition: A person, organization, or nonhuman entity has moral standing if we must consider his, her, or its interests in making an ethical decision.
Card 17:
Term: Pareto efficient
Definition: An outcome is Pareto-efficient if no other outcome is possible that makes at least one person better off and no person worse off.
Card 18:
Term: Positive right
Definition: A positive right imposes a duty on others to assist the right bearer in some way.
Card 19:
Term: Psychological egoism
Definition: Psychological egoism is the empirical theory that people always do act to maximize to their self-interest.
Card 20:
Term: Reservation price
Definition: A reservation price is the maximum amount of money that a consumer would be willing to exchange for one more unit of the commodity in the absence of a defined market price for that commodity.
Card 21:
Term: Total utility
Definition: The total utility of a group of economic goods or services is the sum of all the utility produced by the consumption of those goods or services.
Card 22:
Term: Transaction costs
Definition: Transaction costs are the costs of reaching and enforcing an agreement between negotiating parties. They include the costs of researching information about the situation, negotiating the agreement, and legally enforcing the agreement.
Card 23:
Term: Virtue
Definition: A virtue is a stable character trait with positive moral significance. Examples are courage, generosity, benevolence, and fairness.
Card 24:
Term: Willingness to pay
Definition: Willingness to pay is the maximum amount of money that someone would be willing to exchange for an economic good or service.