Economics Chapter 5 National economies

Which is/are capital goods?

Which are consumer goods?

Choose the true statements about communism (in theory):

An economy which has a predominance of automated equipment over human labor is

Products purchased for personal use are

Extensive growth is not possible once a business exhausts its land, labor & capital resources

"Survival of the fittest" philosophy in economy is called

Economic growth of the Soviet Union in the past was primarily due to

Which is/are examples of capital goods?

Increasing production through using the existing factors of production more efficiently is

The phrase "Economic Darwinism" comes from the concept of

A consequence of a nation producing too few capital goods is that eventually 

An economy that uses human labor more than automated equipment

What is a significant way in which machinery can be superior to human labor?

What is the Input Question?

Low unemployment is the major sign of economic prosperity

Which is/are example(s) of consumer goods?

A citizen should be allowed to use her property however she chooses without gov't  interference

What unemployment rate does the People's Republic of China claim to have?

In the economic realm, an example of intensive growth is 

Which factor of production is often substituted for labor?

Which of the following is one of the four primary economic goals?

Belief that each citizen has a right to a part in that nation's wealth

Which are national economic goals (more than one correct answer possible)

Belief that a nation's wealth should be evenly distributed among citizens

Products used to produce goods for personal use are

When interest rates fall below the market interest rate 

What is the output question?

What is the Distribution Question?

Production of consumer goods causes the production of capital goods to suffer, and vice versa

Which statements are found in the Bible?

Training uneducated employees can help achieve

China's communist leaders have sought a labor-intensive solution to the 

Known as the "Father of Communism"

A period of rising prices caused by increased money supply is called

How can economic growth be achieved?

Increasing production by using more factors of production is