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Economics

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Shyann Murazik

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Cards in this guide (23)
What companies does Kellogg's own

The Kellogg company owns several other companies that are well known. Some of the companies are Pringles, Famous Amos, Pop Tarts, and Morningstar Farms.

Who was the Russian leader who abdicated in 1917

Tsar Nicholas II abdicated the Russian throne in in March, 1917, when the February Revolution toppled the Tsarist regime.

Which of these describes the work of Aristotle

He believed that the mind, called the psyche, was separate from the physical body.

Which of these represents a market economic system

By buying or not buying goods and services, consumers provide answers to the basic economic questions

The difference between what the workers produce and what they earn is surplus value

Surplus value is the difference between the value that workers produce and what they are paid in wages.

Which region had the highest percentage of all noninstitutionalized civilians aged 5 and older

South

Who benefited least from the new deal policies

Minorities and women were the least benefited from the New Deal policies.

Which factors of production are used by a landscaping service to provide economic value

labor, capital, and natural resources

What dictates which goods and services producers should or should not create

Consumer choices

What is money called when it is accepted for goods and services

A medium of exchange

Who theorized the economic system of socialism

Karl Marx

Which of these books outlined how the American economy would be managed by big business big labor and government in the future

American Capitalism (A+ answer)

Which modern theorist's work in monetarist thought earned him a Nobel prize in economic sciences

Milton Friedman's work in monetarist thought earned him a Nobel prize in economic sciences.

Which of these was not a belief of Alfred marshall

Consumption, investmebt, and government speanding setermine income

What is a corporation that does not pay any federal income taxes

S corporations

In the circular model how are households compensated by firms for the factors of production they provide

With wages, rent and dividends.

In the development of general equilibrium who discovered how to analyze and measure the economy as a whole

Léon Walras

What Gregorian Chant the following characteristics except

The following are characteristics of Gregorio chants except:

What of the following is true of private corporations

they are not owned by the general public A+

Which of these describes the economic theory of laissez-faire

An economic system should be driven by free market forces, not government intervention. A+

Which of these was developed by David Ricardo

law of comparative costs

Which of these does not describe the northern states

They used slaves for cheap labor.

Is john Maynard Keynes single

No, john Maynard Keynes is not single.

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