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☆☆☆☆☆Cards in this guide (16)
Did Russia surrender in war world II
No Russia did not surrender in world war II
What is the potential costs of scarcity and choice
Describe the potential costs of both scarcity and choice.
How did the invention of the car affect the industrial revolution
dumb
Which country was the first to gain a position in the New World
Spain was the first to gain position in the new world.
What describes the extreme left of the economic spectrum
there is a total central planning.
What might be one problem associated with a trade deficit
countries must borrow money to pay for their imports. -- A+
Which of these describes the far right of the economic spectrum
the government has no direct influence
In the system of triangular trade where were the American colonies allowed to trade their goods
England and its other colonies A+
What did not result from the development of farming techniques by the nomadic people
more time spent on gathering food
In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed
By production for use or need.
The patents of which machines catapulted Britain to the lead position of iron exports around the world
grooved rolling mill and puddling furnace
Which two countries were placed in position of super powers Post world war 2 agreements
U.S. and Russia
Is not a factor in wage variance between different occupations
Big dongs
If a certain business monopolizes a particular industry, the government will attempt to stop it. This is an example of which economic function of government
Efficiency
“ What is the difference between a pure market economy and a mixed-market economy “
In a mixed-market econom, the government imposes regulations on the production of goods and services.
Which of the following is studied in the field of sociology
how societies continue to function
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