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☆☆☆☆☆Cards in this guide (18)
In this department the Bureau of Economics provides an analysis of the nations economy including the GNP
commerce
This person wrote The Theory of the Leisure Class
Veblen!
In which country did Adam Smith live
Scotland
John Maynard Keynes applied his theories to the problems of what crisis
Great Depression
What was the name of the book published in 1776 that changed the way things were produced
the wealth of nations
In what type of production does a conveyor belt move and workers stay in one place
assembly line
Which of these statements represents what Thomas Malthus believed
The population would grow faster than the food supply.
Karl Marx would have agreed with Adam Smith
false
Only one person is liable if the business fails
proprietorship
A machine wearing out is an example of which of these
capital consumption
Proprietorships holding companies trusts and pools are examples of this type of business organization
Corporation
Division of labor means that production takes place with workers separated into groups according to what
skill
The factors of production are the beginning of the process that makes up the
gross nationaly product
A pioneer in the automobile industry implemented the concept of what which was first introduced by Adam smith
A pioneer in the automobile industry implemented the concept of the laws of supply and demand that were first introduced by Adam Smith. That automobile industry pioneer was Henry Ford.
Is an organization that produces and distributes a good or service for profit called a business yes or no
Yes
Did Adam smith's concept of laissez faire stipulated that government should have control of what and how much is produced
false A+ (nomad)
Which of these terms could be associated with francois quesnay who studied the problems of agriculture and mercantilism
physiocrat
Which of thesse ideas can be demonstrated best by geometric progression
the population will exhaust the food supply
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