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☆☆☆☆☆Cards in this guide (11)
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
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)
Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer
false
The growth of technology has had little effect on the amount of goods and services produced in other countries
False
All policies that impede the flow of goods from one country to another are eliminated
Free trade involves eliminating policies that impede the flow of goods from one country to another. These ambitions have been met with much opposition and support.
What has been the result of the United states buying so many goods from other countries
Increased unemployment in the United States
In which economic function does the government attempt to keep the business cycle of economy from being too high or too low
In a Marxian economic function, the government attempts to keep the business cycle of economy from being too high or too low.
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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