Economics Exam pt3

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rabon4
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87930
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Economics Exam pt3
Updated:
2011-05-26 18:16:20
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  1. What is the promotion of ones own country regardless of morals
    nationalism
  2. What is the governments role in the economy
    macroeconomics
  3. What are the market signals that consumers send producers in a free market
    price
  4. um...when a price increases then the quantity suply....
    increases
  5. what are the three types of property
    • intelectual
    • real
    • finacial
  6. what was the name of the economic plan at plymoth colony
    Common Course and Condtion
  7. What is the idea that people hoard stable forms of money while spending less stable forms
    greshams law
  8. what is the quality of money that describes its standard appearance
    homogenity
  9. 3 functions of money
    • medium of exchange
    • store of value
    • measure of value
  10. What type of stock allows the stock holders to vote at the meetings
    common stock
  11. what type of investment is a 2 party contract that one protects the other from loss
    insurance
  12. what group acc to comunist most be over thrown
    boswasie
  13. who wrote das kapitat
    Karl Marx
  14. What economist thought that gov should pump money into economies to prime the pump
    John Maynard Kenes
  15. Welfare capitalism is another name for ...
    socialism
  16. What president inacted the new deal
    FDR
  17. The expansion of the bueracracy is a result of what
    gov spending
  18. What is the principle that states that as the price of a good increase the quantity also increase
    law of suply
  19. what is a good able to be used in conjunction with another good
    complimentary good
  20. what do you call a person who owns producer goods or a share of a buisness
    capatalist
  21. who was the french entreprenuer who made quality gun powder
    E.I. DuPont
  22. who is the father of econ
    adam smith
  23. what type of property is a book copyright
    intelectual
  24. who wrote phisocracy
    samuel dupont
  25. what was the main occupation of the pilgrims
    fishermen
  26. what is the old word for spending more money than you can afford
    prodigality
  27. what is the separation of work into individual tasks
    division of labor
  28. um...what is the process by which people exchange goods so that buyers can get what they are seeking
    market
  29. what type of good is an investment good
    capital good
  30. who is th founder of the austrian school of economics
    ludwiege von mesis
  31. what is the ammount of a good people will buy at a certain price
    demand
  32. what is the human desire to have certain goods
    want
  33. who was the gov of plymoth that took them off of common c and c
    william bradford
  34. what is any material thing that people are willing to work for
    good
  35. what system combines the free enterprise system with state regulations
    mixed economy
  36. how people explain that men are creatures with limitless wants and will work for a good
    economic motive
  37. what term means to let alone
    lazie fair

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