Cards in this guide (18)
Whose theory of economics believed in a hands-off approach with respect to the government's involvement in the economy
What labor work thingsof nature into tangible products what are the products called
Who is best known for his trilogy of books on economics that guided the direction of the American economy
Who is responsible for the law of diminishing returns
Which land deal had the best price per square mile for the US
The Alaska Purchase of 1867
The United States purchased Alaska from Russia for $7.2 million,
which came to about 2 cents per acre. In 2010 dollars, that's
equivalent to a little over $100 million, or about 30 cents per
acre.
What might be one problem associated with a trade deficit
countries must borrow money to pay for their imports. -- A+
Who theorized the economic system of socialism
Which term refers to the cost a firm incurs for capital goods
What was granted to the united states in the treaty of paris in 1763
Owing to the terms of the treaty, France gave all its
territories in mainland North America.
What does acquired 100 shares mean
Generally speaking the phrase of "acquired 100 shares" means
that a person has purchased 100 shares of a corporation's
stock.
In the system of triangular trade where were the American colonies allowed to trade their goods
England and its other colonies A+
Once an item is consumed when does its value begin to depreciate
Once a firm knows what it should produce what must it then decide
how it will produce the goods or services
Shortages or spikes in which of the following can have a potential impact on a global economy
According to the Keynes how can the imbalance between microeconomics and macroeconomics be corrected
through government involvement in banking and fiscal policies
What of the following defines the term land as a factor of production
everything that is not created by humans
Is not a factor in wage variance between different occupations
A firm is dependent on which of these to help it make decisions about production