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Economics

Name: Economics
Brand: Answers
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Term1/14

Newspapers became very popular because

Definition1/14

ppl culd get news quickly

Term1/14

What type of economy is it where all economic decisions are based on age-old customs

Definition1/14

A traditional economy is where all economic decisions are based on age-old customs.

Term1/14

Which economy answers the three basic economic questions with the phrase Do as you have always done

Definition1/14

traditional

Term1/14

Which term refers to the process of a single ruler controlling the government structure but not the social lives of the people

Definition1/14

a= parliament b= monarch c= authoritarian d= totalitarian

Term1/14

Which term describes an economy with more than one type of economic structure

Definition1/14

Mixed-market is the term that describes an economy with more than one type of economic structure.

Term1/14

What do people of a complex society work to produce

Definition1/14

People of a complex society work to produce a sustainable food supply, social beliefs, specialized labor, and a workable system of government. They create language, religions, laws, and strive to produce high quality music, art, and literature.

Term1/14

What happens when a company produces a small quantity of a product and a large number of people want to purchase the product

Definition1/14

When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.

Term1/14

Which economic model did Karl Marx fully support

Definition1/14

Socialist

Term1/14

In the United states what is the primary job of the secretary of the Treasury and the chairman of the Federal Reserve

Definition1/14

To keep the economy from being unmanageable

Term1/14

Examples such as Social Security welfare and disability benefits fall under which category of economic functions of government

Definition1/14

equity

Term1/14

In which type of government are citizens expected to participate in decision making

Definition1/14

Democracy

Term1/14

In Which type of economy does the government decide what to produce how to produce and for whom to produce

Definition1/14

Controlled.

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What best describes the efficiency function of economics

Definition1/14

The government oversees the production of goods and services

Term1/14

What of the following is not a basic economic function of government

Definition1/14

equality

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Cards in this guide (14)

Newspapers became very popular because

ppl culd get news quickly

What type of economy is it where all economic decisions are based on age-old customs

A traditional economy is where all economic decisions are based on age-old customs.

Which economy answers the three basic economic questions with the phrase Do as you have always done

traditional

Which term refers to the process of a single ruler controlling the government structure but not the social lives of the people

a= parliament b= monarch c= authoritarian d= totalitarian

Which term describes an economy with more than one type of economic structure

Mixed-market is the term that describes an economy with more than one type of economic structure.

What do people of a complex society work to produce

What happens when a company produces a small quantity of a product and a large number of people want to purchase the product

When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.

Which economic model did Karl Marx fully support

Socialist

In the United states what is the primary job of the secretary of the Treasury and the chairman of the Federal Reserve

To keep the economy from being unmanageable

Examples such as Social Security welfare and disability benefits fall under which category of economic functions of government

equity

In which type of government are citizens expected to participate in decision making

Democracy

In Which type of economy does the government decide what to produce how to produce and for whom to produce

Controlled.

The cycle in which money changed hands resulted in profits for businesses and for workers

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Economics

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Economics

What type of economy is it where all economic decisions are based on age-old customs

Which term describes an economy with more than one type of economic structure

What is the process of the availability of the goods compared to the number of people who want to buy the product known as

What do people of a complex society work to produce

Economics

What term is defined as the means by which a government compels or forbids certain acts of its citizens

What type of economy is it where all economic decisions are based on age-old customs

Who was the king of England when the magna carta was agreed upon

Which term describes an economy with more than one type of economic structure

Politics and Government

Does a confederation system have a strong central government

American was a term that described people from many different countries who had become

Newspapers became very popular because

The cycle in which money changed hands resulted in profits for businesses and for workers

Politics and Government

Does a confederation system have a strong central government

American was a term that described people from many different countries who had become

The farmers formed clubs called through which they appealed to the states to regulate the railroads and storehouses

Newspapers became very popular because

Politics and Government

Does a confederation system have a strong central government

American was a term that described people from many different countries who had become

Newspapers became very popular because

The cycle in which money changed hands resulted in profits for businesses and for workers

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