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Economics

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Millie Dicki

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Cards in this guide (17)
Under what heading did the social programs of the 1930s come

new deal

During this event a country stops all trade with another country

Embargo.

What type of economic and political system exists where all resources and production are owned collectively by all

Socialism
socialism(Kaylop)

Which of these agencies is health insurance program for most elderly persons

medicare

Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer

false

Social security payments may be paid to dependent surviving children until they are 18

Social security payments may be made to dependent children until they are 18.

true

A program called the new deal was put into effect in which year

1932

Which of these terms could be applied to the golden arches of McDonalds

The term applying to the golden arches of McDonalds is known as a trademark

The growth of technology has had little effect on the amount of goods and services produced in other countries

False

Under which of these were dams built where they were needed to provide electric power to urban and rural areas

Tennessee Valley Authority

Starvation illness and unemployment during the depression motivated the creation of the social security program

true

Upon obtaining a driver's license an individual may drive anywhere or anytime as long as he or she remains within the confines of the law

true

What term refers to the situation that results when a country imports more goods than it exports

trade deficit

Who did not attend the financial summit on June 27 2010 in Toronto Canada

School Teachers

Which of these means spending beyond the amount of money one has available

conspicuous consumption

Under which president did ben bernanke assume the role of chairman of the federal reserve system

Ben Bernanke was appointed Chairman of the Federal Reserve Sytem on February 1, 2006 by George W. Bush.

The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit.

Socialism (A+)

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