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☆☆☆☆☆Cards in this guide (20)
What generates a demand for goods and services
PRICE
Which economic system calls for a maximum of collective ownership
Communism
Which of these is not considered strictly a service
changing the oil in your car.
In the circular flow of goods and services what does the product market represent
all the exchanges of goods && services
In the circular flow of goods and services what does the resource market represent
Money payments made to households by business firms and the government A+
Which term refers to the treatment of a person based on the perception that he or she belongs to a certain social group
discrimination
What is the most significant factor in determining a person's socioeconomic class
wealth
Choose the term that fits this definition taxes levied on the removal of natural resources
Severance
In which type of economy are choices made by consumers
12
What is the best description of microeconomics
The study of the economic behavior and decisions of individuals and businesses
the study of the economic behavior and decisions of individuals and businesses
Which of these terms is synonymous with the concept of intragenerational mobility
Vertical mobility
What species were Cro-Magnons and Neanderthals part of
Homo sapiens
Which of these represents a market economic system
By buying or not buying goods and services, consumers provide answers to the basic economic questions
Which language family is most closely related to the founding of western civilization
indo-european
Which of these is the payment to the government in the circular flow of goods and services
In the circular flow of goods and services what does the government use money payments to provide
Goods and services
It is part of the culture of many small towns to plan a celebration to commemorate the founding of the town
a traditional action
Which of these statements would Karl Marx disagree
A+
The bourgeoisie would eventually rise up and seize control of production.
Hich of these is the best description of coercion
forcing someone to do something that is viewed as being outside the accepted norms of society
What statements best exemplifies the caste system
In the caste system in India, people have ascribed statuses because of race and family ancestry.
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