Social Studies, 30.01.2020 03:43 ashlynwestgate11
Asystem of exchange whereby one good/service is given in return for another; bartering does not require monetary exchange
question 1 options:
trade
bartering
question 2 (1 point)
an economic model wherein government planners make all business and financial decisions.
question 2 options:
market economy
command economy
question 3 (1 point)
an economic model used by governments to determine what should be produced/provided in terms of goods and services, how, and for whom.
question 3 options:
free enterprise
economic system
question 4 (1 point)
the (or capitalist) model places economic decisions in the hands of the people and the law of supply and demand dictate what goods/services are produced/provided, at what price, etc.
question 4 options:
command
market
question 5 (1 point)
the required amount of a specific good that must be produced in a given time frame.
question 5 options:
production quota
subsistence
question 6 (1 point)
an economic model governed by custom, habit, and history.
question 6 options:
traditional economy
command economy
question 7 (1 point)
the capacity of private citizens to create new businesses independent of government direction or intervention.
question 7 options:
entrepreneurship
free enterprise
question 8 (1 point)
the creation, maintenance, and expansion of businesses outside the control or influence of the government.
question 8 options:
production quota
free enterprise
question 9 (1 point)
producing only what is necessary for personal use/survival
question 9 options:
subsistence
free enterprise
question 10 (1 point)
a 0-100 scale which ranks world economies from most command-leaning (0) to most market-leaning (100).
question 10 options:
free enterprise
economic continuum
Answers: 3
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What was the social class pyramid during the civil war?
Answers: 3
Social Studies, 22.06.2019 10:20
For each of the following examples of data, determine which scale of measurement is used. a) the number of miles joggers run per week. b) the starting salaries of graduates of mba programs c) the months in which a firm's employees choose to take their vacations. d) the final letter grades received by students in a math course.
Answers: 2
Social Studies, 23.06.2019 10:00
What political traditions and tensions first appeared in the early years of the new republic? essay
Answers: 2
Social Studies, 23.06.2019 15:00
Norman jones, an economic historian at the university of utah, has described the views of the ancient greek philosopher aristotle on interest: aristotle defined money as a good that was consumed by use. unlike houses and fields, which are not destroyed by use, money must be spent to be used. there- fore, as we cannot rent food, so we cannot rent money. moreover, money does not reproduce. a house or a flock can produce new value by use, so it is not unreasonable to ask for a return on their use. money, being barren, should not, therefore, be expected to produce excess value. thus, interest is unnatural. what did aristotle mean in arguing that money is “barren”? why would money being barren mean that lenders should not charge interest on loans? do you agree with aristotle’s reasoning? briefly explain.
Answers: 2
Asystem of exchange whereby one good/service is given in return for another; bartering does not req...
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