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Economics

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Meredith Stracke

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Cards in this guide (24)
What economist believes that governmental control interferes with Producer and Consumer Sovereignty

Milton Friedman or just friedman.

Foreign economist and their contributions

Adam Smith, David Ricardo, Alfred Marshall and John Maynard Keynes

Traditional economy coutries

What type of Government is in control in a traditional,command and market economy?

Who controls the resources?

Distribution of goods and services?

Controls productions?

What are the negative affects on society?

Benefits to society for each form of economy?

What were Karl Marx's beliefs known as

His followers were called Marxist's, so his belief system would be called Marxism.

What means to disagree with the majority opinion on the Supreme Court

Dissent means you disagree with the majority opinion on the Supreme Court.

What happened at the end of the most recent ice age

Sea levels rose over 300 feet.

Which would be least helpful in reducing indoor pollution

Increasing the house temperature

The ideas of Karl Marx led to what form of government

republican

Which theorist argued that everything in society is secondary to economic reality

Karl Marx argued that everything in society is secondary to economic reality.

What does Writing Objectivity Exam N mean

Writing Objectivity Exam: N

Which ofthe following is a reason the human population is growing exponentially
What were Freidrich von Hayek economic beliefs regarding the market economic system

we need more money

What are the criticisms of break even analysis

Ignores economies of scale

What would have the same meaning as capitalism or a market economy

Free- enterprise system

What do you call in economic terms buying and selling of goods

Demand and Supply.

Demand= buying goods and services.

Supply=selling goods and services.

How does the free enterprise system of the US promote individual initiative

The free enterprise system of the US promotes individual initiative because it propagates the idea that every individual can be an entrepreneur and start his own business.

What do you call a daughter cow

I believe you would call it a "heifer".

Do hurricanes gain strength by tropical cyclones

No. A hurricane is a tropical cyclone.

When did George O'Brien - economist - die

George O'Brien - economist - died in 1973.

What is the result of having limited resources in an economy

People make economic choices about what to do with their

resources.

Governments and businesses use incentives to

convince people to make certain economic decisions.

john maynard keynes supported economic policies that

protected citizens during periods of economic difficulty.

Which statement best illustrates Crusoe's reasons for teaching Friday about his religion

He believes that his religion is superior to Friday's religion.----APEX

According to the article, why did Karl Marx think the economic system of the world would change

yes

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