econ chapters 1 and 2

Which of these would be an example of "land"

the rule of 72 will tell me how long it will take my money to_________________

He also introduced the idea of the invisible ________

what advice would he give to governments when it comes to the economy

which party is more likely to believe in free market capitalism

Adam _____________ wrote a very famous book

my "right hand man" is leaving the company; I am really worried about _____________________

the three factors of production are land, labor and ___________________

which of these was NOT a type of economic system

the most valuable thing I gave up in making a decision is the _________________________

a _______________ economy means the government is very involved in economic decisions

"labor" refers to...

a production _________________ curve shows all the combination of two products I can produce

money used to start or grow a business is known as __________________ capital

which of these was an idea that Smith introduced

I am not sure if it would be worth it to hire a new employee. I am thinking at the _________

in the rule of 72, I take 72 and divide it by....

Machinery used to produce my goods would be _________________ capital

which of these would provide the most motivation to work hard

which of these would NOT be a component of socialism

Adam smith said that this emotion is actually good for an economy

the name of the book was _____________ of ______________________

another name for a capitalistic economy

a coke is worth whatever you can get for it

there is a limited supply of everything (this is a permanent condition)

if a government is deciding what kinds of goods to produce, it is called....