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☆☆☆☆☆Cards in this guide (15)
This person wrote The Theory of the Leisure Class
Veblen!
John Maynard Keynes applied his theories to the problems of what crisis
Great Depression
What was the name of the book published in 1776 that changed the way things were produced
the wealth of nations
In what type of production does a conveyor belt move and workers stay in one place
assembly line
Which of these statements represents what Thomas Malthus believed
The population would grow faster than the food supply.
Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer
false
What is the period of time when the overall economic conditions are improving called
expansion
A machine wearing out is an example of which of these
capital consumption
Division of labor means that production takes place with workers separated into groups according to what
skill
Ongoing financial reports are usually calculated by an index in developing an index what is the most important thing to do
select a base year
Who was the leader of the AFL
Samuel Gompers
A pioneer in the automobile industry implemented the concept of what which was first introduced by Adam smith
A pioneer in the automobile industry implemented the concept of the laws of supply and demand that were first introduced by Adam Smith. That automobile industry pioneer was Henry Ford.
Did Adam smith's concept of laissez faire stipulated that government should have control of what and how much is produced
false A+ (nomad)
Are gross domestic product and net national product equal
(gross national product or GNP) minus depreciation = net national product
Which of thesse ideas can be demonstrated best by geometric progression
the population will exhaust the food supply
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