Cards in this guide (17)
In both the socialist and communist systems the government will have a large influence on the economy
The mercantile system would be considered a laissez-faire type of economy
Which two cities were connected in the transcontinental railroad
buscalo mecco ya no estes copiando
What is the difference between usefulness and utility
Usefulness refers to which extent something is useful and the
utility is the quality of that piece in practical use.
Both are inter-related terms. In other words you can say that
utility is a factor of usefulness term. Usefulness means having
practical utility of a piece which is beneficial, pertinent and
functional.
What type of economic system was developed by Marx
Marx believed his economic system would pay workers according to their needs
true.
Yes it is the basis of Marxist theory.
In a socialist economy the government takes a laissez-faire approach to the economy
What problems were the classical economists too concerned with
General equilibrium refers to which of these
the measurement of the market as a whole
According to Adam smith the market was directed by which of these
In his economic system smith believed that basic economic questions were answered by which group
In 1776 Adam smith developed what theories
After the powder had been stolen and the travelers were at an extreme disadvantage Duncan Heyward asked what would become of them In answer Hawkeye made a gesture What did Hawkeye's gesture mean
They would be scalped.
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What are the differences between facility and utility
Facility often refers to a location while Utility often refers
to an object/goods/services
What type of economic function fits the description in 1890 the sherman antitrust act was passed which made it illegal for business firms to combine to prevent competition
efficiently for a plus... check out astral underworks on
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Who developed the law of comparative advantages
The law of comparative advantages was developed by David
Ricardo. Ricardo was a political economist from London who passed
away in 1823.
In which economic function does the government attempt to keep the business cycle of economy from being too high or too low
In a Marxian economic function, the government attempts to keep
the business cycle of economy from being too high or too low.
