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Economics

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Emilia Smitham

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Cards in this guide (17)
What is an ascribed status

It can be defined as followed. A status that can not be earned, it is assigned.

What generates a demand for goods and services

PRICE

Which economic system calls for a maximum of collective ownership

Communism

In this economic function the government attempts to correct for market failures like monopolies

efficiency

Which of the following is the best description of social psychology

the study of how an individual's behavior is influenced by other party

What is the best description of Laissez-Faire in economics

Laissez-faire is the idea that the economy should continue without interference from the government. The economy would be self correcting.

Which of these describes the work of Aristotle

He believed that the mind, called the psyche, was separate from the physical body.

Which of these represents a market economic system

By buying or not buying goods and services, consumers provide answers to the basic economic questions

The difference between what the workers produce and what they earn is surplus value

Surplus value is the difference between the value that workers produce and what they are paid in wages.

A student is expected to be in class on time

norm

In the circular flow of goods and services what does the government use money payments to provide

Goods and services

A teacher is having difficulty preparing for class and grading papers because she is caring for her elderly parents who are in a nursing home

role conflict

Is an element of the conflict theory of the origin of the state

The belief that the state originated due to changes in the social order

Which of these answers best describes the Karl Marx's view of history

a struggle of classes:)

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+)

Which best describes how Erik erikson views socialization

Socialization is a series of steps

Which these statements best defines the id

The id represents a person's basic survival needs, such as hunger and thirst.

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