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Economics

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Arturo Auer

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Cards in this guide (18)
In both the socialist and communist systems the government will have a large influence on the economy

True

In this form of government there is rule by only one person

absolute monarchy

> <

Since the 1980s what has happened to the US share of domestic car sales

declined

Under what heading did the social programs of the 1930s come

new deal

During this event a country stops all trade with another country

Embargo.

What type of economic and political system exists where all resources and production are owned collectively by all

Socialism
socialism(Kaylop)

Social security payments may be paid to dependent surviving children until they are 18

Social security payments may be made to dependent children until they are 18.

true

A program called the new deal was put into effect in which year

1932

Which of these terms could be applied to the golden arches of McDonalds

The term applying to the golden arches of McDonalds is known as a trademark

The growth of technology has had little effect on the amount of goods and services produced in other countries

False

What has been the result of the United states buying so many goods from other countries

Increased unemployment in the United States

A sales tax on gasoline is and example of what type of tax

A sales tax on gasoline is an example of sales tax.

What term refers to the situation that results when a country imports more goods than it exports

trade deficit

Who did not attend the financial summit on June 27 2010 in Toronto Canada

School Teachers

To which time period does the word contemporary refer

present

Under which president did ben bernanke assume the role of chairman of the federal reserve system

Ben Bernanke was appointed Chairman of the Federal Reserve Sytem on February 1, 2006 by George W. Bush.

Which event was characterized by a decline in new home construction and housing prices and an increase in mortgage delinquencies and foreclosures

subprime mortgage crisis

The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit.

Socialism (A+)

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