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Marcella Predovic

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Term1/18
Under this economic theory the government does not get involved in the economy
Definition1/18

Laissez-Faire

Term1/18
What type of economic system was developed by Marx
Definition1/18

socialist

Term1/18
This type of economics addresses the question what is
Definition1/18

Pure economics addresses this question.

Term1/18
This branch of economics focuses on individual areas and units of the economy
Definition1/18

microeconomics(kaylop)

Term1/18
If you left Promontory point Utah and traveled to San Francisco in which direction would you be traveling
Definition1/18

West

Term1/18
What type of view of economics did the rational expectation school of economics headed by lucas and sargent take
Definition1/18

macroeconomic

Term1/18
What do the inner arrows of the circular flow model represent
Definition1/18

flow of money payments(Kaylop)
Factor services ( From household to firms) &

Goods & Services (From firms to households).

[in a 2 sector economy)

Term1/18
What does the flow of money determine in the circular flow model
Definition1/18

The allocation of resources. :P

Term1/18
The effect of the cutting of the old-growth forests on the ancient cultures and traditions of the people
Definition1/18

athropologist

Term1/18
This is the study of all aspects of the economy
Definition1/18

macroeconomics

Term1/18
In the circular flow model economic resources is both production and the factors of production
Definition1/18

true
true

Term1/18
This type of economics addresses the question how can you achieve the goals that have been established
Definition1/18

Applied Economics A+

Term1/18
Which term applies to this definition
Definition1/18

The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.

Term1/18
To which person would this event be of concern A business because the old-growth forest was not cut down
Definition1/18

economist

Term1/18
Which of these statements is not true regarding the regarding the expansion of the railroads
Definition1/18

One statement that is not true regarding the expansion of the railroads is that no laws were passed to regulate the railroads. This was during the expansion from 1860 to 1900.

(A+) Railroad expansion took business away from the trucking industry.

Term1/18
What was the first central government to be established after the revolutionary war
Definition1/18

Articles of Confederacy :D A+

Term1/18
Which group would be concerned with pollution of the river after cutting of the old forest
Definition1/18

Environmentalists.

Term1/18
Which term applies to this situation failure to return a book to the library on time an paying a fine
Definition1/18

Secondary Effect

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Cards in this guide (18)
Under this economic theory the government does not get involved in the economy

Laissez-Faire

What type of economic system was developed by Marx

socialist

This type of economics addresses the question what is

Pure economics addresses this question.

This branch of economics focuses on individual areas and units of the economy

microeconomics(kaylop)

If you left Promontory point Utah and traveled to San Francisco in which direction would you be traveling

West

What type of view of economics did the rational expectation school of economics headed by lucas and sargent take

macroeconomic

What do the inner arrows of the circular flow model represent

flow of money payments(Kaylop)
Factor services ( From household to firms) &

Goods & Services (From firms to households).

[in a 2 sector economy)

What does the flow of money determine in the circular flow model

The allocation of resources. :P

The effect of the cutting of the old-growth forests on the ancient cultures and traditions of the people

athropologist

This is the study of all aspects of the economy

macroeconomics

In the circular flow model economic resources is both production and the factors of production

true
true

This type of economics addresses the question how can you achieve the goals that have been established

Applied Economics A+

Which term applies to this definition

The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.

To which person would this event be of concern A business because the old-growth forest was not cut down

economist

Which of these statements is not true regarding the regarding the expansion of the railroads

One statement that is not true regarding the expansion of the railroads is that no laws were passed to regulate the railroads. This was during the expansion from 1860 to 1900.

(A+) Railroad expansion took business away from the trucking industry.

What was the first central government to be established after the revolutionary war

Articles of Confederacy :D A+

Which group would be concerned with pollution of the river after cutting of the old forest

Environmentalists.

Which term applies to this situation failure to return a book to the library on time an paying a fine

Secondary Effect

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