FC8: Econ/Social Goals, Voluntary exchange, Private property rights
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Last updated almost 6 years ago
5 questions
1
Which economic/social goal stresses justice, impartiality, and fairness?
Which economic/social goal stresses justice, impartiality, and fairness?
1
Social security, unemployment compensation and food stamps are examples of which economic/social goal?
Social security, unemployment compensation and food stamps are examples of which economic/social goal?
1
Classify the following economic/social goals as strengths of either a market or command economy.
Classify the following economic/social goals as strengths of either a market or command economy.
- Stability
- Freedom
- Efficiency
- Growth
- Full employment
- Security
- Sustainability
- Market economy
- Command economy
1
When buyers and sellers freely engage in market transactions with the expectation that both parties will benefit, the result is called:
When buyers and sellers freely engage in market transactions with the expectation that both parties will benefit, the result is called:
1
Patents, copyrights, and trademarks are all part of which characteristic of capitalism?
Patents, copyrights, and trademarks are all part of which characteristic of capitalism?