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Economics

Name: Economics
Brand: Answers
Rating: 1 (8 reviews)

Haylie Marvin ∙

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Term1/7

Which factors of production are used by a landscaping service to provide economic value

Definition1/7

labor, capital, and natural resources

Term1/7

Which economic theorist is best known for his book titled Principles of Economics

Definition1/7

Alfred Marshal

Term1/7

What is money called when it is accepted for goods and services

Definition1/7

A medium of exchange

Term1/7

What does monetary policy involve

Definition1/7

management of the nations money supply

Term1/7

Which modern theorist's work in monetarist thought earned him a Nobel prize in economic sciences

Definition1/7

Milton Friedman's work in monetarist thought earned him a Nobel prize in economic sciences.

Term1/7

According to the law of diminishing returns what will happen if you overuse a factor of production

Definition1/7

It will not be as efficient as before. A+

Term1/7

Which of these describes the Gross Domestic Product

Definition1/7

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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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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Which of these is sometimes included as a fourth factor of production

Which factors of production are used by a landscaping service to provide economic value

What dictates which goods and services producers should or should not create

Who provided most charity services to the public in ancient times

Economics

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