Generally speaking a mixed economy is one where the government
has controls over private industry through various types of
regulations. One example is the setting of the minimum wage. For
the most part a mixed economy does not require the government to
actually own any of the means of production. Also, a mixed economy
creates "authorities" to operate tunnels, bridges and airports.
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Term1/14
What is a trade-off
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Definition1/14
A trade-off is an alternative that we sacrifice when we make a
decision.
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Term1/14
What did the US Supreme Court rule in Furman v Georgia
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Definition1/14
In Furman vs. Georgia the court ruled that all existing death
penalty laws violated the constitution.
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Term1/14
V-cube 7 or megaminx
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Definition1/14
megaminx
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Term1/14
How can population changes affect demand for certain goods
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Definition1/14
immediate demand for a good will go up if it's price is expected
to rise.
this is how population changes affect demand for certain
goods.
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Term1/14
What is the effect of the interaction of buyers and sellers on a market
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Definition1/14
agreement on the price and quantity traded
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Term1/14
Addressing the goal of what provides assurance that goods and services will be available and payments will be made on time
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Definition1/14
equity
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Term1/14
Government programs that protect people experiencing unfavorable economic conditions are
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Definition1/14
Safety Net!
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Term1/14
In a traditional economy what are the economic decisions based largely on
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Definition1/14
Customs and traditions.
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Term1/14
What is an example of scarcity rather than shortage
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Definition1/14
A person wants an endless supply of everything but cannot have
it.
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Term1/14
Which of the following is most important characteristic of an entrepreneur
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Definition1/14
hard work and patience
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Term1/14
What do we mean when we say invisible hand
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Definition1/14
Adam Smith's invisible hand theory
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Term1/14
Which occurrence could cause the demand curve for cars in your city to the left
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Definition1/14
A layoff of 500 workers at the city's airport could cause the
demand curve for cars in your city to the left.
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Term1/14
What is the money multiplier formula
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Definition1/14
The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.
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Cards in this guide (14)
What is a mixed economy
Generally speaking a mixed economy is one where the government
has controls over private industry through various types of
regulations. One example is the setting of the minimum wage. For
the most part a mixed economy does not require the government to
actually own any of the means of production. Also, a mixed economy
creates "authorities" to operate tunnels, bridges and airports.
What is a trade-off
A trade-off is an alternative that we sacrifice when we make a
decision.
What did the US Supreme Court rule in Furman v Georgia
In Furman vs. Georgia the court ruled that all existing death
penalty laws violated the constitution.
V-cube 7 or megaminx
megaminx
How can population changes affect demand for certain goods
immediate demand for a good will go up if it's price is expected
to rise.
this is how population changes affect demand for certain
goods.
What is the effect of the interaction of buyers and sellers on a market
agreement on the price and quantity traded
Addressing the goal of what provides assurance that goods and services will be available and payments will be made on time
equity
Government programs that protect people experiencing unfavorable economic conditions are
Safety Net!
In a traditional economy what are the economic decisions based largely on
Customs and traditions.
What is an example of scarcity rather than shortage
A person wants an endless supply of everything but cannot have
it.
Which of the following is most important characteristic of an entrepreneur
hard work and patience
What do we mean when we say invisible hand
Adam Smith's invisible hand theory
Which occurrence could cause the demand curve for cars in your city to the left
A layoff of 500 workers at the city's airport could cause the
demand curve for cars in your city to the left.
What is the money multiplier formula
The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.