Command economy - Study guides, Class notes & Summaries

In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of: producers and government planning committees. producers and input suppliers all consumers correct answers buyers and sellers Which of the following best describes a monetary policy tool? taxes government spending household savings correct answers interest rates Which of the following is most likely a topic of discussion in macroeconomics? a decrease in the productio...

IOP3703 Exam Memo Part 1 – The competent human being: The latest research shows the importance of developing employees on all levels of the organisation on a continual basis. Human Capacity Development – the focus is on developing behaviour, skills, attitudes and competencies that will enhance the overall quality of a person’s work life. Growth Psychology’s aim is to find and define a healthy personality. They argue that it is necessary for human beings to strive for that a...

Navy's Birthday correct answers October 13, 1776 What entity is the JCS part of? correct answers COMNAVAIRLANT (Commander, Naval Air Force Atlantic) CO correct answers Captain Randell Peck XO correct answers Captain Joseph Thompson CMC correct answers Command Master Chief Marc Puco Command DAPA correct answers GNC Kirby Command SAPR correct answers EMCS Hernandez Command SAPR Liaison correct answers ABF2 Sykes Command CMEO correct answers ENS Williams and ADC Friez Co...

In the first chapter of The Wealth of Nations, Smith introduces the idea of the _______, which means the way in which the work required to produce a good or service is divided into a number of tasks that are performed by different workers. Division of Labor Interconnected Economy Task Economy Modern Economy correct answers Division of Labor In a command economy, the _____ either makes most economic decisions itself or at least strongly influences how the decisions are made. Govern...

Operational Design - the conception and construction of the intellectual framework that underpins joint operations plans and their subsequent execution? What is Operational Art? - Operational Art is used to envision conditions that define the desired end state and how to establish those conditions. it helps CDRs to understand, visualize, and describe complex problems and develop a broad operational approach. it syncs our tactical actions with strategic objectives. What are the 12 principle...

AP Comparative Government: Key Terms and Concepts Authoritarian - Correct Answer A system of government in which decisions are made by political elites, without much input from citizens. They may be ruled by a single dictator, a hereditary monarch, or a small group of aristocrats or a single political party. Ex) The Soviet Union was an authoritarian regime under the Communist Party, as was England prior to 1215, when the monarch had absolute authority. Command Economy - Correct Answer Econom...

If you wanted to understand the relationship between households, businesses, and resources, you would study _____ . - Answer-the Circular Flow model Match the type of resource with the definition. Time spent making pizza at a restaurant A bulldozer A River - Answer-Labor Capital Land There is always some degree of government involvement in a mixed economy. - Answer-True Which of the following is an example of capital? - Answer-A factory Scarcity in economics means: - Answer-This is not...

What is an economy? correct answers a set of social arrangements that answers three fundamental questions: 1. what is produced? 2. how is it produced? 3. for whom is it produced? Thus, economics is the study of the production, distribution and consumption of goods and services Economics correct answers the study of the production, distribution and consumption of goods and services Market correct answers an institution that brings together buyers and sellers of goods or services, who may...

What is business? - Answer-organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. Doesn't exist without people. Human (4 kinds of resources) - Answer-people and labor Material (4 kinds of resources) - Answer-raw materials and buildings and machinery Information (4 kinds of resources) - Answer-effectiveness of Human, Material and Financial resources when combined and used. Financial (4 kinds of resources) - Answer-operating ...

Microeconomics correct answers study of the individual firms, consumers, and markets within the economy Macroeconomics correct answers study of the aggregate (whole) economy Three Big Questions correct answers 1) What? 2) How? 3) For whom (owl question)? What? correct answers What goods and services will be produced and in what quantities? How? correct answers How will the goods and services be produced? For whom (owl question)? correct answers For whom will the goods and services...