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Economics

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Cassandra Dibbert

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Cards in this guide (18)
This man is responsible for changing classical thinking in the twentieth century

keynes

V-cube 7 or megaminx

megaminx

Which of these is not true about Europe in the 1500s

towns developed because of an enonomy based on external trade

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

labor, capital, and natural resources

Which economic theorist is best known for his book titled Principles of Economics

Alfred Marshal

What is the focus of microeconomics

Behaviors of individual households and forms of local economics

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

A medium of exchange

What does monetary policy involve

management of the nations money supply

Which of these was a belief of John Stuart Mill

Constant growth would lead to the destruction of the environment

When did The Proletariat end

The Proletariat ended in 1987.

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.

According to Karl Marx what gives an item its value

The law of value (German: Wertgesetz) is a central concept in Karl Marx's critique The labour has to materialize itself in some kind of object which has value.

From 1900 to 1929 what happened to the salarly of an average worker in the United states

The salary of the average worker in the United States was lowered from 1900 to 1929 due to the depression and high unemployment.

According to the law of diminishing returns what will happen if you overuse a factor of production

It will not be as efficient as before. A+

According to the Keynes how can the imbalance between microeconomics and macroeconomics be corrected

through government involvement in banking and fiscal policies

Is not a factor in wage variance between different occupations

Big dongs

Which of these describes the economic theory of laissez-faire

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

Is john Maynard Keynes single

No, john Maynard Keynes is not single.

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