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Economics

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Dorcas Hauck

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Cards in this guide (10)
Who was a Free market philosopher

Adam Smith

Who was the leader that introduced communism and central planning to the former Soviet Union

Vladimir Lenin

How does a society answer the three economic questions about the production and consumption of goods and services

Its answer is based on the importance it attaches to various economic goals and societal values.

Find the slope of the line passing through the points 0 0 and 4 6

Slope of line = (change in y coordinates)/(change in x coordinates) = (6-0)/(4-0) = 6/4 = 3/2

Which agent of metamorphism can cause the overall composition of rock to change

khggkuguigbgui

Industry that requires a large capital investment and that produces items used in other industries is known as

A Heavy Industry

What was not a priority of soviet planners

luxury items for consumers

What did China's steps to modify its centrally planned economy include

China's steps to modify its centrally planned economy includes reversing the market regulations. They also encouraged literacy in the economy markets which worked to their advantage.

What do we mean when we say invisible hand

Adam Smith's invisible hand theory

Which is not a process involved in the formation of sedimentary rocks

how does the fossil record provide evidence for evolution?!

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