This is a review over chapter 5 of the third edition economic textbook
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | -A low level of unemployment - a stable price level - a healthy rate of economic growth - a fair distribution of income
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| Thessalonians 3:10 | show 🗑
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| Economic growth | show 🗑
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| show | A period in which business firms are able to increase their production of goods and services because they have more land, labor or financial capital available to them.
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| Intensive growth | show 🗑
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| show | What will the nation produce?
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| show | How will the nation produce its goods?
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| Distribution question: | show 🗑
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| show | Goods that individuals purchase for personal use.
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| show | Goods that firms use to produce consumer goods,
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| Consumer goods/capital goods tradeoff | show 🗑
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| Command economy | show 🗑
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| show | An economy in which private individuals make the decisions that answer the three economic questions.
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| show | Relies on more human labor that it does on real capital.
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| show | Relies more automated equipment than human labor.
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| show | In most cases the desire is to make business firms mainly labor intensive to produce a nearly fully employed workforce.
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| show | Each firm addresses the question of the proper mix of labor and capital by taking into consideration its unique needs.
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| show | Maintains that each person in a nation has a right to a part of that nation's wealth simply because they are part of the human race.
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| show | Karl Marx
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| Name of the book written by Karl Marx: | show 🗑
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| Economic leveling | show 🗑
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| show | Suggests that the only economic right to which a nation should entitle its citizens is the right to own and use property free of governmental interference.
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| show | Makes a comparison to certain principles of species' survives that arose from Charles Darwin's theory of evolution.
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| Three biblical principles that provide a basis for a Christian's treatment of the poor: | show 🗑
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| Workfare | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
hihello2007
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