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Economics

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Bill Klocko

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โˆ™ 3y ago
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Cards in this guide (20)
Why would building shipyards be an important part of Japans plan to become a major trading power in the world

Trade goods are carried in ships. You can't be a major trading nation without ships. The cheapest way to obtain ships is to build them. Michael Montagne

Who issued government securities in India

Rbi issues the govt securities in India

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

Consumer choices

Which of these describes what maturity means with regard to securities

the set date upon which the treasury agrees it will pay back the loan plus the interest amount A+

Who is best known for his trilogy of books on economics that guided the direction of the American economy

john kenneth galbraith

Who is responsible for the law of diminishing returns

Thomas Malthus

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

the age of the company a+

What is the term used to describe a market that is dominated by a single corporation or entity

Monopoly

Which of these was not supported by Jean-Baptiste Say

Economic Democracy

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

bilateral trade treaty

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.

What best describes an implied warranty

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

The average cost of a loaf of bread was 9 cents in 1930 22 cents in 1950 and 50 cents in 1980 what is this an example of

This is clearly an example of inflation in the economy.

In the system of triangular trade where were the American colonies allowed to trade their goods

England and its other colonies A+

What defines aggregate demand

the total demand for final goods and services in the economy

In a sole proprietorship which individual must assume all liability

the business

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

Private Schools (A+)

What happened to the economy of the United states during the decades of the 1950s and 1960s

it experienced sustained economic growth

Which of following was not included in Adam smith's theory of wealth accumulation

When labor tasks become divided, productivity decreases. A+

Hawaii held a trade agreement with the US which allowed duty-free importation of sugar to the mainland. What did the local kingdom give to the US in return for these trade benefits

Pearl Harbor and Ford Island.

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