Cards in this guide (14)
Newspapers became very popular because
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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
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
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.
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
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
In which type of government are citizens expected to participate in decision making
In Which type of economy does the government decide what to produce how to produce and for whom to produce
What best describes the efficiency function of economics
The government oversees the production of goods and services
What of the following is not a basic economic function of government
