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Economics

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Cards in this guide (14)
Under the provisions of which amendment did former slaves become citizens

14th amendment

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

False

This term refers to the behaviors that are prohibited in a group

proscriptive group norms

Which of these represents a market economic system

By buying or not buying goods and services, consumers provide answers to the basic economic questions

Which of these is the payment to the government in the circular flow of goods and services
The difference between what the workers produce and what they earn is surplus value

Surplus value is the difference between the value that workers produce and what they are paid in wages.

In the circular flow of goods and services what does the government use money payments to provide

Goods and services

A teacher is having difficulty preparing for class and grading papers because she is caring for her elderly parents who are in a nursing home

role conflict

You are lost and finally decide to ask a man who is walking his dog for directions

an unplanned interaction

A group of people are standing in line as they enter a football stadium

social proximity

What of these terms could e defined as the process of government agencies remedying the effects of past and present discrimination

Affirmative action

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+)

Which these statements best defines the id

The id represents a person's basic survival needs, such as hunger and thirst.

Which of these describes a market economic system

Economic decisions are based on supply and demand. A+

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