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Economics

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Stanford Davis

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4y ago
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Cards in this guide (7)
What type of economic and political system exists where all resources and production are owned collectively by all

Socialism
socialism(Kaylop)

Which of these is the key to the creation of a demand for a product

advertising

There is very little business activity and high unemployment during which of these

trough

The growth of technology has had little effect on the amount of goods and services produced in other countries

False

What term indicates the exchange of goods and services within a single country

The exchange of goods and services within a single country is called domestic trade.

What has been the result of the United states buying so many goods from other countries

Increased unemployment in the United States

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+)

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