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Economics

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Term1/13

What type of economic system was developed by Marx

Definition1/13

socialist

Term1/13

If you left Promontory point Utah and traveled to San Francisco in which direction would you be traveling

Definition1/13

West

Term1/13

What type of view of economics did the rational expectation school of economics headed by lucas and sargent take

Definition1/13

macroeconomic

Term1/13

What do the inner arrows of the circular flow model represent

Definition1/13

flow of money payments(Kaylop)
Factor services ( From household to firms) &

Goods & Services (From firms to households).

[in a 2 sector economy)

Term1/13

What does the flow of money determine in the circular flow model

Definition1/13

The allocation of resources. :P

Term1/13

Marshal combined the idea of the marginalists and the classical capitalists to form which new theory

Definition1/13

price

Term1/13

The effect of the cutting of the old-growth forests on the ancient cultures and traditions of the people

Definition1/13

athropologist

Term1/13

Failure to return a book to the library on time and paying a fine

Definition1/13

secondary effect

Term1/13

In the circular flow model economic resources is both production and the factors of production

Definition1/13

true
true

Term1/13

What are the differences between facility and utility

Definition1/13

Facility often refers to a location while Utility often refers to an object/goods/services

Term1/13

Which of these statements is not true regarding the regarding the expansion of the railroads

Definition1/13

One statement that is not true regarding the expansion of the railroads is that no laws were passed to regulate the railroads. This was during the expansion from 1860 to 1900.

(A+) Railroad expansion took business away from the trucking industry.

Term1/13

What was the first central government to be established after the revolutionary war

Definition1/13

Articles of Confederacy :D A+

Term1/13

Which group would be concerned with pollution of the river after cutting of the old forest

Definition1/13

Environmentalists.

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Cards in this guide (13)

What type of economic system was developed by Marx

socialist

If you left Promontory point Utah and traveled to San Francisco in which direction would you be traveling

West

What type of view of economics did the rational expectation school of economics headed by lucas and sargent take

macroeconomic

What do the inner arrows of the circular flow model represent

flow of money payments(Kaylop)
Factor services ( From household to firms) &

Goods & Services (From firms to households).

[in a 2 sector economy)

What does the flow of money determine in the circular flow model

The allocation of resources. :P

Marshal combined the idea of the marginalists and the classical capitalists to form which new theory

price

The effect of the cutting of the old-growth forests on the ancient cultures and traditions of the people

athropologist

Failure to return a book to the library on time and paying a fine

secondary effect

In the circular flow model economic resources is both production and the factors of production

true
true

What are the differences between facility and utility

Facility often refers to a location while Utility often refers to an object/goods/services

Which of these statements is not true regarding the regarding the expansion of the railroads

One statement that is not true regarding the expansion of the railroads is that no laws were passed to regulate the railroads. This was during the expansion from 1860 to 1900.

(A+) Railroad expansion took business away from the trucking industry.

Many people criticized Keynes because his economic policy did what

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Economics

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Economics

Conducting a survey to determine the current status of a welfare program

What type of economic system was developed by Marx

Following World War 1 the political and economic leadership of the world had shifted to which of these

If you left Promontory point Utah and traveled to San Francisco in which direction would you be traveling

Economics

Conducting a survey to determine the current status of a welfare program

What type of economic system was developed by Marx

Following World War 1 the political and economic leadership of the world had shifted to which of these

The leaders of the communist revolution allowed some elements of capitalism into the Russian economy between 1921 and 1928

Economics

Conducting a survey to determine the current status of a welfare program

What type of economic system was developed by Marx

The southern colonies were a source for timber that was needed for shipbuilding

Following World War 1 the political and economic leadership of the world had shifted to which of these

Economics

Conducting a survey to determine the current status of a welfare program

What type of economic system was developed by Marx

Following World War 1 the political and economic leadership of the world had shifted to which of these

The leaders of the communist revolution allowed some elements of capitalism into the Russian economy between 1921 and 1928

Economics

In socialism but not in communism the government plays a strong role

What type of economic system was developed by Marx

At the time of World War 2 this economist spoke against laissez-faire arguing that government is necessary to address the problem of economic inequality

Many people criticized Keynes because his economic policy did what

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