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☆☆☆☆☆Cards in this guide (14)
This man is responsible for changing classical thinking in the twentieth century
keynes
V-cube 7 or megaminx
megaminx
Which of these is not true about Europe in the 1500s
towns developed because of an enonomy based on external trade
Which factors of production are used by a landscaping service to provide economic value
labor, capital, and natural resources
Which economic theorist is best known for his book titled Principles of Economics
Alfred Marshal
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
A medium of exchange
What does monetary policy involve
management of the nations money supply
Which of these was a belief of John Stuart Mill
Constant growth would lead to the destruction of the environment
According to Karl Marx what gives an item its value
The law of value (German: Wertgesetz) is a central concept in Karl Marx's critique The labour has to materialize itself in some kind of object which has value.
From 1900 to 1929 what happened to the salarly of an average worker in the United states
The salary of the average worker in the United States was lowered from 1900 to 1929 due to the depression and high unemployment.
According to the law of diminishing returns what will happen if you overuse a factor of production
It will not be as efficient as before. A+
Is not a factor in wage variance between different occupations
Big dongs
Which of these describes the economic theory of laissez-faire
An economic system should be driven by free market forces, not government intervention. A+
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