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Economics

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Wilber Greenholt

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Cards in this guide (21)
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

What does sm mean

Legal definition: The symbol (SM) is used to indicate that a word, phrase, logo or design is treated as a service mark by the party - that is, that the party claims rights in the mark. The mark does not need to be federally registered to use this symbol, unlike the ® symbol.

What does an economic anthropologist study

Economic anthropologists are studying economics, with an emphasis on human economic behavior. It relates to its human, historic , geographic and cultural relevance.

What is the term for the decentralized market where currencies are traded

F e m

Which government agency sets wage standards

Department of Labor

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

the age of the company a+

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

bilateral trade treaty

Which event brought about a significant increase in American social programs due to its devastating effects on society

Great Depression

Which of these is not an advantage of the foreign production of goods

Tighter Regulations.

What best describes an implied warranty

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

Which of these describes a controlled econmic system
  • The government makes decisions about production and distribution of goods and services.
What term does not refer to portions of ownership Ina corporation

Bonds

What does not describe the relationship between nobles and vassals in the feudal system

Equality.

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

What did not result from the development of farming techniques by the nomadic people

more time spent on gathering food

From 1839 to 1899 by how much had the value of American industry increased

Over 25 times

A+ answers

Which social science studies how populations develop in certain regions based on available resources

geography

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.

Circular flow refers to the economic model that describes which of the following

mutual circulation of income between producers and consumers

Is not a way in which the European countries benefited from the colonies in the New World

The colonies provided an overland route by which to trade.

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