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
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
What are the criticisms of break even analysis
Ignores economies of scale
What would have the same meaning as capitalism or a market economy
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