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Economics

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Alden Kling

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2y ago
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Cards in this guide (11)
What does Authoritarian mean

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

What is deciding whether to do or use one additional unit of some resource

Thinking at the margin... i think

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.

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.

Which of the following does a government provide as part of a safety net for people

Unemployment compensation

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

Which of the following is a social and political philosophy based on the belief that democratic means should be used to evenly distribute wealth throughout a society

Socialism

Which of the following is not an economic goal that influences how societies answer the three key economic questions

In order to know which of the following is not an economic goal that influences how societies answer the three key economic questions one would need to know the answer choices.

The term normal goods refers to what kind of goods

Goods that consumers demand more of when their incomes increase

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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