System of trading goods, services and money
What is barter
"The government decides what, how much, when, and by whom items are produced."
Command Economy
Who is the person that had a "tremendous" influence on the study of modern economics?
Who is Keynes?
Give a definition of the word consumer
Who are people who buy goods and services.
What is a system of trading goods, services and money called?
What is economy
College in Cambridge England
What is King's College
"Supply and demand are the classic trademarks of "what economy?
What is Market Economy
What year was the book The General Theory of Employment written?
What is 1936.
Give a definition of the word producer.
Who are people who make goods and provide services.
Of these countries, which has a Command Economy China, Cuba, North Korea or Brazil?
What is Cuba?
Balanced supply and demand
What is equilibrium
"They are found in regions that remain mostly rural and rely on farming".
What is traditional economy.
The President who was greatly influenced by the writings of Keynes during his term of office.
Who is Franklin D. Roosevelt.
Give a definition of the word supply.
What is the "amount of a good, services or product available."
What is it called when people all over the world depend on each other.
What is interdependece.
Depending on each other
What is interdependent.
"By definition a __________________ has absolutely no governmental influence."
What is Market Economy?
"Keynes suggested that a government could stabilize and even stimulate a _________ economy to grow".
Who is a market?
Give a definition of the word exports.
What is "a good or service produced in one country that is sold into another country"
How are market economies and command economies similar?
What is they both have supply and demand.
Exporting more than is imported
What is surplus?
What is also called a planned economy with lack of competition which may produce lower quality good and equal opportunities for education and health care.
What is command economy.
The economic theory that was named for John Keyes.
What is the Keynesian Economics.
Give a definition of the word imports.
What is a good or service bought in one country that was produced in another.
Who started the public works program known as the New Deal?
Who is Theodore Roosevelt?