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☆☆☆☆☆Cards in this guide (7)
Which factors of production are used by a landscaping service to provide economic value
labor, capital, and natural resources
Which economic theorist is best known for his book titled Principles of Economics
Alfred Marshal
What is money called when it is accepted for goods and services
A medium of exchange
What does monetary policy involve
management of the nations money supply
Which modern theorist's work in monetarist thought earned him a Nobel prize in economic sciences
Milton Friedman's work in monetarist thought earned him a Nobel prize in economic sciences.
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 of these describes the Gross Domestic Product
GDP is the market value of all final goods and services produced within a country's borders in a given year.
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