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Economics

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Floyd Smith

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Cards in this guide (16)
Who was solon

Solon was an ancient Athenian leader who came into power in 594 B.C. He canceled all land debts and returned salves to their families. Although he helped most of the poor farmers he Did not take land from the rich and give to the poor.

What is the potential costs of scarcity and choice

Describe the potential costs of both scarcity and choice.

Who were the largest supporters of the Crusades

its actually the franks of france and the holy roman empire

Who orchestrated the battles during the Crusades

Pope Urban II was the first to orchestrate the battle of the Crusades. This began in 1095 when the Christians went to war with the Muslims at the urging of the Pope.

Which of these does not describe a community with a socialistic view of society

earth's features and its inhabitants

Where is the US mixed economy on the economic spectrum

in the middle, but close to the capitalism.

How did Roman emperors try to increase the supply of money at home

mixing lead with gold

What describes the extreme left of the economic spectrum

there is a total central planning.

Which type of economy has a socialistic view of society

traditional

Which of these describes the far right of the economic spectrum

the government has no direct influence

What does not describe the changes in western Europe in the second half of the eleventh century

The decline in population.

In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed

By production for use or need.

Which two countries were placed in position of super powers Post world war 2 agreements

U.S. and Russia

If a certain business monopolizes a particular industry, the government will attempt to stop it. This is an example of which economic function of government

Efficiency

Which of these is recognized as the foremost communist government in the world today

people's republic of china

“ What is the difference between a pure market economy and a mixed-market economy “

In a mixed-market econom, the government imposes regulations on the production of goods and services.

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