Cards in this guide (25)
What is the focus of macroeconomics
The focus of macroeconomics is the income theory based on the balance of demand which takes into account consumer, business, government, with the supply of goods, stimulated by the encouragement of private expenditure and government deficit spending. This area of economics was conceived in 1935 by English economist John Maynard Keynes.
Macroeconomics is concentrates on trends in the entire economy as a whole
This man is responsible for changing classical thinking in the twentieth century
What is the average price of porcelain dolls in 1990
Is there a law that prohibits volunteerism
The difference between what the workers produce and what they earn is surplus value
Surplus value is the difference between the value that workers produce and what they are paid in wages.
Which company was known for its size rather than for its efficiency or innovation
Which of these statements is not true about the circular flow model of economics
Firms use the factors of production to create capital and
dividends.
What dictates which goods and services producers should or should not create
Who provided most charity services to the public in ancient times
Which of these describes what maturity means with regard to securities
the set date upon which the treasury agrees it will pay back the
loan plus the interest amount A+
How did the western states feel about the issue of slavery
What is the focus of microeconomics
Behaviors of individual households and forms of local
economics
What is money called when it is accepted for goods and services
What is considered the passive factor in production
Which formula summarizes Friedman's theory of monetarism
Which of these was a belief of John Stuart Mill
Constant growth would lead to the destruction of the
environment
To which principle does circular flow refer
The circular flow refers to a simple economic model which
describes the reciprocal circulation of income between the
consumers and producers.
Thanks
Which of these is not a duty of the surface transportation board
Regulate certain freightliner and cargo ship operational matters.
Reagan's economic proposals were said to return what kind of principles to the American economy
To increase savings and investments, increase economic growth
and balance the budget.
In the circular model how are households compensated by firms for the factors of production they provide
With wages, rent and dividends.
The negotiation of prices for goods and services depending on supply and demand is referred to as which of these
If strikes threaten national health or security the Taft-Hartley Act gives the executive branch of the Federal Government the right to break the strikes with what
What of the following is true of private corporations
they are not owned by the general public A+
In real estate, a person selling his or her home lists the price of the home. In return, the person who wants to buy the home provides the price he or she is willing to pay for the home. What is this an example of
Which of these describes the economic theory of laissez-faire
An economic system should be driven by free market forces, not government intervention. A+
