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Economics

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Christian Sawayn

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Cards in this guide (14)
This man is responsible for changing classical thinking in the twentieth century

keynes

V-cube 7 or megaminx

megaminx

What word would not appear on the page with these guide words immaculate and immutable

imp

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

towns developed because of an enonomy based on external trade

Who orchestrated the battles during the Crusades

Pope Urban II was the first to orchestrate the battle of the Crusades. This began in 1095 when the Christians went to war with the Muslims at the urging of the Pope.

What is the focus of microeconomics

Behaviors of individual households and forms of local economics

What defines aggregate demand

the total demand for final goods and services in the economy

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+

What does not describe the 1950s and 1960s

A period of stagflation A+

In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed

By production for use or need.

The negotiation of prices for goods and services depending on supply and demand is referred to as which of these

price mechanism

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.

Is not a factor in wage variance between different occupations

Big dongs

If a certain business monopolizes a particular industry, the government will attempt to stop it. This is an example of which economic function of government

Efficiency

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