Cards in this guide (28)
Why would building shipyards be an important part of Japans plan to become a major trading power in the world
Trade goods are carried in ships. You can't be a major trading
nation without ships. The cheapest way to obtain ships is to build
them. Michael Montagne
When was Thorstein Veblen born
Thorstein Veblen was born on July 30, 1857.
What is the purpose of tableau
tableau's purpose is to tell a story or convey a message
Which American industrialist first used the assembly line to manufacture cars
Ransom E. Olds mass produced the Curved Dash Olds Runabout from
1901 to 1904 on an assembly line.
Who is credited with the theory of task rotation
Which process can be viewed in the modern automobile factory method popularized by Henry Ford
specialization A+ the last guy was wrong
What are the main sources of capital for the national state and local governments
Which economic theorist believed that the division of labor could make workers become like machines
Who was one of the first economists to write about the division of labor
Which economist believed that the division of labor could cause workers to become generally more ignorant
Which of these methods calculates the market value of all final goods and services produced within a country's borders in a given year
Who coined the economics term conspicuous consumption
Which of these describes the principle of division of labor
People are trained to do specific portions of a task in order to
speed production of the total task. A+
Which economist theorized that specialization would lead workers to a lower overall level of skills and lack of enthusiasm for their work
Which of these is not an argument that economists have made against specialization and the division of labor
specialization would lead workers to a higher overall level of
skills A+
Which of these is not a benefit of using an assembly line to produce goods
it allows workers to only learn one task A+
Which pioneer in the automobile industry implemented the modern version of the assembly line
According to the law of diminishing returns what will happen if you overuse a factor of production
It will not be as efficient as before. A+
Which level of government is income tax imposed
At which level of government is property tax assessed
In the circular flow model firms compensate households with which items
According to Quesnay which class created no economic wealth
The nation's economic health is currently calculated by using what
What was not a belief of Adam Smith
Specialization would lead the worker to become depressed spiritually and physically.
Why were Quesnay's theories were based on a simple model of the economy which consisted of which classes
Landowners, Farmers, Businessmen and Craftsmen.
Which economists published the Tableau économique
The works of which economist lead to a more quantitative study of economics
Which of these describes management
individuals who decide how the factors of production should be used. A+
