Economics

8 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
Which statement most accurately defines productivity?
A measurement of output compared to input
Which basic economic question most relates to labor?
How to produce?
Which part of this production cycle utilizes only labor?
Customer service
Which statement best defines the field of economics?
The study of systems of production, resources, and distribution of goods and services
The Commerce Compromise
Gave the federal government the right to tax imports but not exports.
Which compromise addressed the conflict between Northern businessmen and Southern plantation owners over the issue of tariffs?
The Commerce Compromise
New Jersey Plan
*unequal representation of smaller states *equal representation between larger and smaller states.
*representatives to states with higher populations *stronger national government
Virginia plan