In each blank, try to type in the
word that is missing. If you've
typed in the correct word, the
blank will turn green.
If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed. When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on. Question: Answer: Promoted the acquisition of precious metals, not as the means to an end but as the end . Question: Five-point associated with Mercantilism:Answer: Exploration; trade; Domestic manufacturing; ; Alliances Question: Exploration with MercantilismAnswer: Discovere and swize new sources of gold and silver by sending explorers abroad to plunder less-developed and by supporting privateers to steal from neighboring nations. Question: Trade trade with mercantilismAnswer: Increase exportation of and services while decreasing importation of foreign goods; Strived for a favorable balance in trade. Question: balance in trade:Answer: When a sells more goods than it buys. Question: manufacturing Associated with mercantilism.Answer: Mercantilists considered the manufacture of goods for the nation's people to be of secondary important, because selling goods to its own citizens did not increase a 's stockpile of goods. Question: Colonization associated with :Answer: Encouraged the colonization of new teritories to acquire new supplies of the factors of production that would then be used to produce goods that other nations could not . Question: associated with Mercantilism:Answer: Arranged all foreign relationships in a way that competition. Question: What was the lengthy book by Adam SmithAnswer: "An inquiry into the and Causes of the Wealth of Nations" Question: What was the root associated with Mercantilism?Answer: The misconception that is wealth. Question: laissez Answer: "let Question: A classic work by Adam SmithAnswer: "The of Nations" Question: Two answered by people to determine weather a nation is more capitalist or socialist:Answer: Who owns the 's factors of production?
Who answers the three economic questions? Question: What are the forms of capitalism and socialismAnswer: and Radical capitalism Question: Radical Answer: Capitalism in its most extreme form and exists only as an economic theory. For such country to exist pricat citizens would own all the of production. Question: liberal capitalismAnswer: The form of capitalism that accepts the of government but allows it only minimal ownership of resources and decision making power to perform its responsibilities.
(Form of capitalism in the writings of Adam Smith) Question: goodsAnswer: that benefit nearly the entire nation. Question: capitalismAnswer: Private citizens own the vast majority of natural resources, financial capital, and labor, nut the government freely intervenes in the -making process to carry out its economic and social goals. Question: Welfare Answer: A state in which taxes are very high, and are redistributed in such a way that the government claims to care for its citizens form the cradle to the grave. Question: DemocracyAnswer: A traditional system bridging the gap between capitalism and socialism Question: NationalizationAnswer: When a nation's government assumes the of companies on a very large scale. Question: Answer: when a govnerment decides to sell its nationalized businesses back to stockholders. Question: Centralized Answer: Maintains that the sensational government should be both the central owner and the maker in all economic affairs of the state. Question: Answer: A in its most extreme form. |
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