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Economics

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Kathlyn Feil

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Cards in this guide (13)
What does Authoritarian mean

Requiring strict obedience to an authority, such as a dictator .

Who was a Free market philosopher

Adam Smith

Who was the leader that introduced communism and central planning to the former Soviet Union

Vladimir Lenin

How does a society answer the three economic questions about the production and consumption of goods and services

Its answer is based on the importance it attaches to various economic goals and societal values.

Find the slope of the line passing through the points 0 0 and 4 6

Slope of line = (change in y coordinates)/(change in x coordinates) = (6-0)/(4-0) = 6/4 = 3/2

Which agent of metamorphism can cause the overall composition of rock to change

khggkuguigbgui

How does the circular flow model of a mixed economy compare with that of a market economy

Government is added into the circular flow model of a mixed economy.

Industry that requires a large capital investment and that produces items used in other industries is known as

A Heavy Industry

What was not a priority of soviet planners

luxury items for consumers

In the Soviet Union what was a collective

a large farm leased from the state to groups of peasant farmers

What did China's steps to modify its centrally planned economy include

China's steps to modify its centrally planned economy includes reversing the market regulations. They also encouraged literacy in the economy markets which worked to their advantage.

What person believes that real equality can only exist when political equality is coupled with economic equality and that democratic means should be used to distribute wealth evenly throughout society

socialist

Which is not a process involved in the formation of sedimentary rocks

how does the fossil record provide evidence for evolution?!

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