This is a review over chapter 6 in the Third edition economics 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 | Promoted the acquisition of precious metals, not as the means to an end but as the end itself.
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| show | Exploration; trade; Domestic manufacturing; Colonization; Alliances
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| Exploration associated with Mercantilism | show 🗑
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| show | Increase exportation of goods and services while decreasing importation of foreign goods; Strived for a favorable balance in trade.
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| Favorable balance in trade: | show 🗑
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| Domestic manufacturing Associated with mercantilism. | show 🗑
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| Colonization associated with Mercantilism: | show 🗑
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| Alliances associated with Mercantilism: | show 🗑
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| What was the lengthy book written by Adam Smith | show 🗑
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| show | The misconception that money is wealth.
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| show | "let alone"
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| A classic work written by Adam Smith | show 🗑
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| show | Who owns the nation's factors of production?
Who answers the three economic questions?
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| What are the major forms of capitalism and socialism | show 🗑
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| show | Capitalism in its most extreme form and exists only as an economic theory. For such country to exist pricat citizens would own all the factors of production.
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| Classical liberal capitalism | show 🗑
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| show | Goods that benefit nearly the entire nation.
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| show | Private citizens own the vast majority of natural resources, financial capital, and labor, nut the government freely intervenes in the decision-making process to carry out its economic and social goals.
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| Welfare state | show 🗑
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| show | A traditional economic system bridging the gap between capitalism and socialism
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| show | When a nation's government assumes the ownership of companies on a very large scale.
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| show | when a govnerment decides to sell its nationalized businesses back to private stockholders.
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| Centralized socialism | show 🗑
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| Communism | show 🗑
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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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