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Economics

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Webster Gutkowski

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Cards in this guide (18)
Which of the following most accurately explain why commodity money has value

Commodity money is a good that can be used as a medium of exchange or for some other purpose.

Who is credited with the theory of task rotation

Karl Marx

Which is not a feasible solution to reducing the nation's deficit

Eliminating Social Welfare Programs

Which economic theorists believed that overpopulation would cause labor to overwork the land

Thomas Robert Malthus believed that overpopulation would cause labor to overwork the land.

Which of these is not a factor when determining the value of a company's shares

the age of the company a+

Which Individual Makes All Decisions And Gains All Profits

the owner

Which of these outlines the rules of mutual trade between two countries

bilateral trade treaty

Which government programs help cover costs of retired Americans

social security & medicare. -- A+

What system of government which national and state government share power

Federal

What best describes an implied warranty

a merchant's agreement that a product will function in the manner expected compared to other similar goods

What term does not refer to portions of ownership Ina corporation

Bonds

What defines aggregate demand

the total demand for final goods and services in the economy

Which of these is not a service provided by the government using revenue from taxes

Private Schools (A+)

What is a trade surplus

country export more than they import

Circular flow refers to the economic model that describes which of the following

mutual circulation of income between producers and consumers

Thorstein Veblen is most known for writing which of these books

The theory of the leisure class A+

How long did the charter for the First Bank of the United states last

20 years

what of these is not a direct tax

sales tax

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