For NCA kids to study for final. Test Questions!
The primary means by which people should obtain income is through their own labor.
The governement should provide a "safety net" for the truly poor
Christians should not be concerned about the poor because poverty is a fact of life
Everyone has a right to equal economic benefits regardless of productivity
'If any would not work, neither should he eat."
"Ye have the poor with you always."
"If thou wilt be perfect, go and sell that thou hast, and give to the poor."
'For this cause are the powers ordained of God, to distribute to the poor and fearless."
Survival of the fittest
Egalitarian fainess
Economic leveling
Communism
Libertarian fairness
Egalitarian fairness
Interest rates
Labor intensive firms
It offers a way to perfect society by human effort.
It condems revolution
It approves of greed.
It was widely accepted in Europe when it was first introduced.
Wealth should be distributed primarily to those who satisfy the needs of other
Society is obligated to protect the poor from the most devastating economic hardships
If a person is unable to earn a living because of a lack of education, it is responsibilities to secure a marketable skill
If a person has a physical limitation, it is his responsibility to seek private charity
Safety-net egalitarianism
Libertarianism
Economic leveling
Communism
Libertarian solution
Egalitarian fairness
Interest rates
Labor intensive firms
Ho will the nation's oods be produced?
Who will recieve the goods that are produced?
How many goods will be produced?
What types of goods will be produced?
How will the nations good be produced?
Who will recieve the goods that are produced?
How many goods will be produced?
What types of goods will be produced?
A committee decides the comsumer good/capital ood tradeoff
The interest rate decides the comsumer good/capital tradeoff
A committee chooses the labor intensive/capital intensive combination
Individual frims choose the labor intensive/capital intensive combination.
A committee decides the consumer good/capital good tradeoff.
The interest rate decides the comsumer good/capital god tradeoff.
A committee chooses the labor intensive/capital intensive combination
Individual firms choose the labor intensive/capital intensive combination
Low unemployment
Few hidden costs
Reliable rate of productivity
Increase in the average indiidual income
Cheap maintenance
Versatile application
Small cost of new investment
Nearly constant rate of productivity
A committee decides the consumer good/capital good tradeoff.
The interest rate decides the comsumer good/capital god tradeoff.
A committee chooses the labor intensive/capital intensive combination
Individual firms choose the labor intensive/capital intensive combination
A committee decides the consumer good/capital good tradeoff.
The interest rate decides the comsumer good/capital god tradeoff
A committee chooses the labor intensive/capital intensive combination
Individual firms choose the labor intensive/capital intensive combination
A toaster
A house
Medicine
A plow
An aoutomobile
A tractor
A printing press
A welding machine
How will the nation's goods be produced?
Who will recieve the goods that are produced?
How many goods will produced?
What type os godos will be produced?
The same business cannot produce both capital goods and consumer goods.
Every business must sell its capital goods for cnsumer goods, and vice versa
Business that produce consumer goods cause the production of capital goods to suffer, and vice versa
Businesses should trade both consumer goods and capital goods with foreing business
The growth was actually achieved through market solutions.
The growth was made possible by untapped resources, ot government policy.
The growth was actually achieved through foreing investments
The growth never took place
To achieve 0% unemployment
To tap new natural resources
To train uneducated employees
To increase its financial capital
Intensive growth
Extensive growth
Labor intensive business
Egalitarain fairness
Unemployment
Unfair distribution of income
Decreased savings
Decreased spending
Fair distibution of income
Low unemmployment
Stable productivity
Stable prices