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
What do the engineers who design the capital goods such as machinery contribute to the production process
Which economic theorists believed that overpopulation would cause labor to overwork the land
Thomas Robert Malthus believed that overpopulation would cause
labor to overwork the land.
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 component of the GDP refers to the total of all personal expenditures by anyone within the country
Which economist believed that the division of labor could cause workers to become generally more ignorant
DID these methods calculates the final production of US citizens and firms including those that are located in foreign countries
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 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+
How are net exports calculated
by subtracting a country's imports by the exports
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
According to Quesnay who or what was the creator of true wealth in the economy
The nation's economic health is currently calculated by using what
The purchase of items such as diamonds furs and excessively large homes for the purpose of showing financial wealth is an example of which of these
conspicuous consumption A+
What was not a belief of Adam Smith
Specialization would lead the worker to become depressed spiritually and physically.
What literary term is used in the underlined portion of this passage from Romeo and Juliet Juliet is the sun!
This would be a direct metaphor because of the use of "is"
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
