Cards in this guide (14)
This man is responsible for changing classical thinking in the twentieth century
What are some problems caused by globalization
globalization is happening because of worldwide trade and
exchange between countries.
The difference between what the workers produce and what they earn is surplus value
Surplus value is the difference between the value that workers produce and what they are paid in wages.
What labor work thingsof nature into tangible products what are the products called
What is money called when it is accepted for goods and services
Which of these is not included in the study of microeconomics
effects of trade and the gross demestic product
Which division of the Department of Housing and Urban Development is also known as Section 32 housing and assists low income families with the purchase of homes
Public Housing Home Ownership Program is the division of the
Department of Housing and Urban Development and is known as section
32 housing and assists low income families with the purchase of
homes.
Why did the strong approach of King George III anger many colonists
they were expecting a reward for participating in the French and
Indian War.
To which principle does circular flow refer
The circular flow refers to a simple economic model which
describes the reciprocal circulation of income between the
consumers and producers.
Thanks
Which of these books outlined how the American economy would be managed by big business big labor and government in the future
American Capitalism (A+ answer)
Which point in the business cycle has the greatest economic activity
In the circular model how are households compensated by firms for the factors of production they provide
With wages, rent and dividends.
Which of these describes the economic theory of laissez-faire
An economic system should be driven by free market forces, not government intervention. A+
Which of these does not describe a weak economy
The government will assume a contractionary fiscal policy position.
