Under this economic theory the government does not get involved in the economy
🔄 Click to see definition
Definition1/18
Laissez-Faire
🔄 Click to see term
Term1/18
What type of economic system was developed by Marx
🔄 Click to see definition
Definition1/18
socialist
🔄 Click to see term
Term1/18
This type of economics addresses the question what is
🔄 Click to see definition
Definition1/18
Pure economics addresses this question.
🔄 Click to see term
Term1/18
This branch of economics focuses on individual areas and units of the economy
🔄 Click to see definition
Definition1/18
microeconomics(kaylop)
🔄 Click to see term
Term1/18
If you left Promontory point Utah and traveled to San Francisco in which direction would you be traveling
🔄 Click to see definition
Definition1/18
West
🔄 Click to see term
Term1/18
What type of view of economics did the rational expectation school of economics headed by lucas and sargent take
🔄 Click to see definition
Definition1/18
macroeconomic
🔄 Click to see term
Term1/18
What do the inner arrows of the circular flow model represent
🔄 Click to see definition
Definition1/18
flow of money payments(Kaylop) Factor services ( From household to firms) &
Goods & Services (From firms to households).
[in a 2 sector economy)
🔄 Click to see term
Term1/18
What does the flow of money determine in the circular flow model
🔄 Click to see definition
Definition1/18
The allocation of resources. :P
🔄 Click to see term
Term1/18
The effect of the cutting of the old-growth forests on the ancient cultures and traditions of the people
🔄 Click to see definition
Definition1/18
athropologist
🔄 Click to see term
Term1/18
This is the study of all aspects of the economy
🔄 Click to see definition
Definition1/18
macroeconomics
🔄 Click to see term
Term1/18
In the circular flow model economic resources is both production and the factors of production
🔄 Click to see definition
Definition1/18
true true
🔄 Click to see term
Term1/18
This type of economics addresses the question how can you achieve the goals that have been established
🔄 Click to see definition
Definition1/18
Applied Economics A+
🔄 Click to see term
Term1/18
Which term applies to this definition
🔄 Click to see 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.
🔄 Click to see term
Term1/18
To which person would this event be of concern A business because the old-growth forest was not cut down
🔄 Click to see definition
Definition1/18
economist
🔄 Click to see term
Term1/18
Which of these statements is not true regarding the regarding the expansion of the railroads
🔄 Click to see definition
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.
🔄 Click to see term
Term1/18
What was the first central government to be established after the revolutionary war
🔄 Click to see definition
Definition1/18
Articles of Confederacy :D A+
🔄 Click to see term
Term1/18
Which group would be concerned with pollution of the river after cutting of the old forest
🔄 Click to see definition
Definition1/18
Environmentalists.
🔄 Click to see term
Term1/18
Which term applies to this situation failure to return a book to the library on time an paying a fine
🔄 Click to see definition
Definition1/18
Secondary Effect
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
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