0
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
Term1/15
Definition1/15
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆☆☆☆☆
Rate this Study Guide:
☆☆☆☆☆Cards in this guide (15)
What is the amount of a good or service that a consumer is willing to buy called
Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.
Marx believed his economic system would pay workers according to their needs
true.
Yes it is the basis of Marxist theory.
Keynes believed that the government must get involved in the economy to bring the country out of the Great Depression
True
What is the agreement between the producer and consumer on a price called
market
At the time of World War 2 this economist spoke against laissez-faire arguing that government is necessary to address the problem of economic inequality
Pigou
Many people criticized Keynes because his economic policy did what
It was designed for the short term
In which direction does the demand curve on a graph slant
Downward left to right
In his economic system smith believed that basic economic questions were answered by which group
market
aPLUS
Marshal combined the idea of the marginalists and the classical capitalists to form which new theory
price
Malthus believed that as the labor force increases extra food will only be produced by farming less fertile soil
true!!!!
Many people criticized keynes because his eonmomic policy did what
Many people criticized Keynes because his economic policy did what?
Which of these described they economic view of the Chicago school of economists
microeconomic
Which of these answers best describes the Karl Marx's view of history
a struggle of classes:)
Which of these events was the focus of the United states and the countries of the world during the 1930s
The depression
Economic theory helps us to understand events in the real world of daily living.
true (A+)
Related study guides
Trending Questions
How does the navy blue angel jet make smoke trails?
You install the software bundled with your digital camera but the software does not recognize the camera is present what do you do next?
What is the word in Irish for princess?
What actors and actresses appeared in Koritsia me vromika heria - 1977?
What is Jane Goodall most remembered for?
Change the word dependent to abstract noun?
How do you change channels on a artec dig to analog converter with no remote?
How many 2 digits numbers are there?
Is an individual aged 20 considered an adult in the state of North Carolina?
A person who studys the earth?
Is arenic a metal or nonmetals?
What was the New Zealand television documentary series The Lion Man about?
When was Arnoldo Frigessi born?
Why are some YouTube videos gray?
What episode does sakara and naruto kiss?
What ligaments are apart of the human hip joint?
How you differentiate between single phase and three phase transformer?
How to defrost fish in the fridge?
If oxygen is not utilized in the Krebs Cycle why is it called aerobic respiration?
What are three multiples 22?
Copyright ©2026 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.