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☆☆☆☆☆Cards in this guide (8)
Who is the father of modern economics
Adam Smith
Which of these statements is not true about the circular flow model of economics
Firms use the factors of production to create capital and dividends.
Who was the first economist to challenge the views of Adam smith
David Ricardo , A+
What of these concepts was proven by the neoclassical economists
interference from governments had been harmful to the growth of economies during the nineteenth century
Which formula summarizes Friedman's theory of monetarism
Mv = pq
A large amount of the economic growth in the US in the 1990 can be attributed to major advances in which industry
A large amount of the economic growth in the US in the 1990 can be attributed to major advances in textile industry.
The products and services that are worth money and are provided by producers are referred to as which of these
economic value (A+ answer)
According to Quesnay who or what was the creator of true wealth in the economy
farmer's surplus A+
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