Resources/Eco Sys 2015

In which eco sys would a child be able to choose whatever job he was able to find employment?

"From each according to his ability, to each according to his need."

Eco sys in which economy is heavily regulated by a gov't accountable to citizens via elections:

What is it called when an economy is experiencing high levels of inflation and unemployment?

Which social goal is a society pursuing if it most values "fairness" in the marketplace?

"The state...great fiction by which everyone tries to live at the expense of everyone else."

"Underlying most arguments against the free market is a lack of belief in freedom itself."

How does emigration directly affect society's labor resources?

The government owning some but not all resources is an example of which eco sys?

Eco sys in which economic decisions about who controls resources made by custom/ritual/habit:

Which is not an example of an economic good?

What is it called when workers sell their labor to their employer for an income?

Which is a mixed economic system combines capitalist wage and pricing with state ownership?

In the U.S., what type of basic economic system is represented by Native American reservations?

The Road to Serfdom

Which social goal if society most values increasing the long-term quantity of wealth?

How does the birthrate most directly affect a society's labor resources?

Which is not one of the three basic economic systems?

Combines left-wing economic planning & right-wing nationalism

The General Theory

Which category do natural resources and gifts of nature fall into?

Developed the concept of opportunity cost;

Eco sys in which government controls the resources and answers 3 basic eco questions:

Social goal society pursues if it values using the least costly/most productive method?

Goods so abundant that they aren't considered scarce:

How does disease most directly affect a society's labor resources?

Which is not an economic system in which government interference in the economy is welcomed?

How does immigration most directly affect a society's labor resources?

The more of one thing we produce, the greater the opportunity cost of producing 1 more is:

In which eco sys would a child's job be determined by the government?

Which is not one of the questions each eco sys has to answer because of scarcity?

In which eco sys would a child be able to choose any job that was not prohibited by the gov't?

Which is a free good?

What do all societies have to help them decide what to do with limited resources?

The general rise in prices due to money's loss of value (not increasing scarcity)?

The supply of which resource is thought to be fixed?

The Law

What are the goods that have scarcity called?

"The production of too many useful things results in too many useless people."

How does famine most directly affect a society's labor resources?

People who identify market need/desire and bring other resources together to meet that need:

Which resource to people with their efforts, abilities, and skills fall into?

Communist Manifesto

Which society goal if society most values individuals' ability to make their own decisions?

Ability to own private property & freely buy/sell goods/services are examples of which eco sys?

How does the death rate most directly affect a society's labor resources?

The Wealth of Nations

Federal government prohibiting paying below a minimum wage is an example of which eco sys?

First developed the idea that markets are self regulating (the invisible hand):

In which eco sys would a child perform the same job or occupation as his/her parents?

Out of the economic systems below, which would be considered to the most left?

Economist that advocated working classes overthrow ownership class:

How does a nation's health care system most directly affect a society's labor resources?

"In the long run we're all dead."

Eco sys in which the economy heavily regulated and controlled by an unaccountable gov't:

Favored tolerating moderate to high inflation to fight unemployment:

Of the 3 basic economic systems, which does the US most heavily favor?

"The Chicago Boys" who transformed Chile were students of which economist?

Which social goal is society pursuing if it most values protection against economic risk?

What is the fundamental economic problem caused by unlimited wants and limited resources?

Which resource do tools, equipment, machinery, factories, investible money fall into?

Eco sys in which resources are controlled by private individuals/companies:

Das Kapital

Which social goals is a society pursuing if it most values concern for natural resources?

Proved that increasing the money supply faster than the economy is growing causes inflation:

Thought loss of eco freedom would inevitably lead to loss of political freedom (Keynes' rival)

"There's no such thing as a free lunch."

Described how changing prices communication scarcity, creating spontaneous order:

Fundamental assumption of market economics; buyers/sellers both benefit from transactions:

Choose the best answer for the type of economic system the U.S. has:

Which economic system would be considered to be the most to the right?