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Maynard Windler

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Term1/16
Who was a Free market philosopher
Definition1/16

Adam Smith

Term1/16
What did the US Supreme Court rule in Furman v Georgia
Definition1/16

In Furman vs. Georgia the court ruled that all existing death penalty laws violated the constitution.

Term1/16
How did the existence of the baby boom generation change demand in the US
Definition1/16

demand was raised for different goods with each age of the baby boomers reached.

Term1/16
V-cube 7 or megaminx
Definition1/16

megaminx

Term1/16
What are the types of supply elasticity
Definition1/16
Types of elasticity of supply

1) Perfectly elastic supply

2) Relative elastic supply

3) Unitary elastic supply

4) Relatively in elastic supply

5) Perfectly in elastic supply

Term1/16
What is deciding whether to do or use one additional unit of some resource
Definition1/16

Thinking at the margin... i think

Term1/16
How does a society answer the three economic questions about the production and consumption of goods and services
Definition1/16

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

Term1/16
How does the price range affect the elasticity of demand for a product
Definition1/16

Demand for a good can be elastic at a low price but inelastic at a high price.

YouRE VERY WULCOM

novanet ANSWER =)

Term1/16
How does the circular flow model of a mixed economy compare with that of a market economy
Definition1/16

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

Term1/16
The term inferior goods refers to what kind of goods
Definition1/16

goods that consumers demand less of when their incomes increases

Term1/16
Industry that requires a large capital investment and that produces items used in other industries is known as
Definition1/16

A Heavy Industry

Term1/16
What was not a priority of soviet planners
Definition1/16

luxury items for consumers

Term1/16
What do we mean when we say invisible hand
Definition1/16

Adam Smith's invisible hand theory

Term1/16
The term normal goods refers to what kind of goods
Definition1/16

Goods that consumers demand more of when their incomes increase

Term1/16
Which is not a process involved in the formation of sedimentary rocks
Definition1/16

how does the fossil record provide evidence for evolution?!

Term1/16
Which of the following markets is an example of monopolistic competition
Definition1/16

bookbags

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Cards in this guide (16)
Who was a Free market philosopher

Adam Smith

What did the US Supreme Court rule in Furman v Georgia

In Furman vs. Georgia the court ruled that all existing death penalty laws violated the constitution.

How did the existence of the baby boom generation change demand in the US

demand was raised for different goods with each age of the baby boomers reached.

V-cube 7 or megaminx

megaminx

What are the types of supply elasticity
Types of elasticity of supply

1) Perfectly elastic supply

2) Relative elastic supply

3) Unitary elastic supply

4) Relatively in elastic supply

5) Perfectly in elastic supply

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 price range affect the elasticity of demand for a product

Demand for a good can be elastic at a low price but inelastic at a high price.

YouRE VERY WULCOM

novanet ANSWER =)

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.

The term inferior goods refers to what kind of goods

goods that consumers demand less of when their incomes increases

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

What do we mean when we say invisible hand

Adam Smith's invisible hand theory

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?!

Which of the following markets is an example of monopolistic competition

bookbags

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