economics section 2 (Autosaved)

economics section 2 (Autosaved) - (1 of 20 David Ricardos...

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(1 of 20) David Ricardo’s most significant theory was ______________ , arguing that a nation will gain through trade by producing what is most efficient and exchanging with other nations.
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Comparative Advantage Utopian Socialism Communist Manifesto Dismal Science (2 of 20) The beginnings of academic thought about the ____________ economy can be found in England. Fantasy Star Trek Market Communist (3 of 20) In America through most of the 1800’s a firm stand was taken in favor of the “laissez faire” economic views of _________________ . Smith and Wesson Smith and Ricardo Marx and Owen
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Malthus and Oprah What is the opportunity cost of moving from A to B ? 3 units of clothing 9 units of clothing 3 computers 4 computers (5 of 20) Part of the Economic Problem is that human wants are insatiable. That is, humans seem to always desire _______ goods and services.
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the same amount of fewer more none of the above (6 of 20) The _____________________ assumes that a nation has only two goods and they are graphed with varying combinations along the X and Y axis. Jessica Simpson Approach Six Degrees of Kevin Bacon Dallas Maverick’s Implosion Production Possibilities Curve (also know as the PPF) Instructions Return to Site (7 of 20) ____________ approaches brought stability to the social as well as the economic system, but did not allow for much progress or change. Fantasy Market Traditional (8 of 20) One of the Four Questions of Allocation is ______________ . This question is largely answered in a market economy by individual productivity.
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  • Fall '09
  • PAULOKELLO
  • Economics, Macroeconomics, Kevin Bacon, Private Sector goods, Government Sector Goods, Jessica Simpson Approach

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