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Economics Exam pt3
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What is the promotion of ones own country regardless of morals
nationalism
What is the governments role in the economy
macroeconomics
What are the market signals that consumers send producers in a free market
price
um...when a price increases then the quantity suply....
increases
what are the three types of property
intelectual
real
finacial
what was the name of the economic plan at plymoth colony
Common Course and Condtion
What is the idea that people hoard stable forms of money while spending less stable forms
greshams law
what is the quality of money that describes its standard appearance
homogenity
3 functions of money
medium of exchange
store of value
measure of value
What type of stock allows the stock holders to vote at the meetings
common stock
what type of investment is a 2 party contract that one protects the other from loss
insurance
what group acc to comunist most be over thrown
boswasie
who wrote das kapitat
Karl Marx
What economist thought that gov should pump money into economies to prime the pump
John Maynard Kenes
Welfare capitalism is another name for ...
socialism
What president inacted the new deal
FDR
The expansion of the bueracracy is a result of what
gov spending
What is the principle that states that as the price of a good increase the quantity also increase
law of suply
what is a good able to be used in conjunction with another good
complimentary good
what do you call a person who owns producer goods or a share of a buisness
capatalist
who was the french entreprenuer who made quality gun powder
E.I. DuPont
who is the father of econ
adam smith
what type of property is a book copyright
intelectual
who wrote phisocracy
samuel dupont
what was the main occupation of the pilgrims
fishermen
what is the old word for spending more money than you can afford
prodigality
what is the separation of work into individual tasks
division of labor
um...what is the process by which people exchange goods so that buyers can get what they are seeking
market
what type of good is an investment good
capital good
who is th founder of the austrian school of economics
ludwiege von mesis
what is the ammount of a good people will buy at a certain price
demand
what is the human desire to have certain goods
want
who was the gov of plymoth that took them off of common c and c
william bradford
what is any material thing that people are willing to work for
good
what system combines the free enterprise system with state regulations
mixed economy
how people explain that men are creatures with limitless wants and will work for a good
economic motive
what term means to let alone
lazie fair
Author
rabon4
ID
87930
Card Set
Economics Exam pt3
Description
fun
Updated
2011-05-26T22:16:20Z
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