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In the classical economic model which of these rather than the government allocates the resources of the nation?
Wiki User
∙ 13y ago
i believe it would be consumption
nope its price
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoprice
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The economic policies of the federal government from 1921 to 1929 were responsible for the nation's depression of the 1930's--assess the validity of this statement?
The economic policies of the federal government from 1921 to 1929 were not solely responsible for the nation's depression but had a large impact on it. For example, the federal government freely lent money to banks which in turned gave it to their customers.
What were the natural resources and economic conditions that encouraged southern planters in America to develop a slave economy before the civil war?
The plentiful farmland and a greater need for labor Type your answer here...What were the natural resources and economic conditions that encourage southern planters to develop a slave economy in the south before the American civil war?</zzz> </zzz>
How did Populists and Coxeyites differed from earlier reform groups?
by appealing to federal government for economic and social reforms.
The ability of the us government to achieve its national strategic objective is dependent on the effectiveness of the us government in employing the instruments of national power which are?
Diplomatic, Informational, Military and Economic
What was a guiding principle of the New Deal economic policies?
Government must assume more responsibility for helping the poor.
In the classical economic model which of these rather then the government allocates the resources of the nation?
Price RAWRSAURS
What allocates the economic resources of the nation?
scarcity
How did US government use the nation's economic resources during World War 2?
The US Government focused the nation's economic resources primarily on the war efforts.
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Would a Republican agree with the classical economic theory?
Classical economic theory held that markets regulate themselves, and don't need any outside intervention, such as that of a government. Modern Republicans would certainly agree with it.
Comparison of classical and neo classical economist?
classical economists are those economists who used 'scarce resources' concepts in their economic theories where as neo ones used price output income distribution like concepts in their theories.
Economic resources in the capitalist system are brought together by who?
government units
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
Who controls the prices of goods and services in the economic system communism?
The government decides where to invest resources.
Who controls the the prices of goods and services in the economic systems of communism?
The government decides where to invest resources.
In an economic function what is equity?
In an economic function, equity is when the appointment of resources is considered fair. Government economic functions include providing public services and maintain a national defense.
What are economic resourses?
Economic resources are resources that help the place.
