This despot hung out in the jungle with his cronies until he was "discovered" by the West?
Fidel Castro
This term defines the place at which quantity demanded equals the quantity supplied
Equilibrium
What do we call the process of cutting lines into coins?
Reeding
Adam Smith, one of the most well-known economists, hailed from what country?
Scotland
This moronic publication hailed Fidel Castro as a hero
The New York Times
This despot implemented a cultural revolution.
Mao Zedong
What do we call money that is backed by nothing but a government's promise?
Fiat money
The four factors of production are natural resources, labor, capital, and this...
Entrepreneurship
Adam Smith proposed this metaphor to describe the self-regulating nature of the market where individual self-interest, guided by competition, leads to the efficient allocation of resources and the overall well-being of society.
the invisible hand
This book, written by Adam Smith, became a best seller.
The Wealth of Nations
This despot was the only one that we studied that came from humble beginnings.
Joseph Stalin
This type of inflation occurs when there are more consumers wanting a product than there is product to sell
Demand-pull inflation
Money should possess the qualities of portability, durability, homogeneity, divisibility, constancy, and this....
Intrinsic valuableness
American economist that was influential in advocating for free market policies and monetarism.
Milton Friedman
This pamphlet was cowritten by Friedrick Engels and Karl Marx and described the steps necessary for establishing a world side command economy.
The Communist Manifest
Che Guevera was a close friend and comrade to this despot.
Fidel Castro
This term was made popular by Karl Marx and is used to define the "property owners" who should be overthrown.
Bourgeois
In CPI, this is the range of years in which the base period is based.
1982-1984
This economist stood as a stark contrast to Adam Smith and believed in heavy government "help" of struggling economies.
John Maynard Keynes
In this book, Marx made it clear that only violent revolutions could expunge the evils of capitalism.
Das Kapital
This despot once said, "One death is tragedy, a million is a statistic."
Joseph Stalin
What is the French phrase that means "leave things alone." (must be pronounced correctly)
Laissez-faire
Tying contracts and price discrimination were banned in order to protect against what unfair market practice?
Monopolies
This man developed the principle that "bad money drives out the good." There is an economic's law named after him.
Sir Thomas Gresham
Thomas Sowell, a deeply respected free-market economist, wrote this book:
Basic Economics