There were too few capable workers to fill positions.
There was little government regulation of workplaces
. A typical work shift might be twelve to sixteen hours long. It was very expensive to keep factories running.
Which is the most effective way to evaluate whether adding a ramp in front of a school solves a problem?
Which is the most effective way to evaluate whether adding a ramp in front of a school solves a problem?
Determine whether the ramp allows students using wheelchairs, braces, and crutches to enter the school more easily
.
What circumstances during the early days of industrialization lead to a need for reform Check all that?
There were too few capable workers to fill positions.
There was little government regulation of workplaces
. A typical work shift might be twelve to sixteen hours long. It was very expensive to keep factories running.
Which describes an example of the economic system known as free enterprise quizlet?
unemployment. Which describes an example of the economic system known as free enterprise?
People are free to shop for the best price on products because there is open competition.
What is the name of the period when an economy begins to shrink?
What is the name of the period when an economy begins to shrink? When an economy begins to shrink it is called
recession
. In the circular flow model, factors of production flow to firms.
What were the major changes in living conditions and working conditions?
Major changes in living conditions and working conditions were that
more people could use coal to heat their homes, eat better food, and wear better clothing
. Living conditions were bad in crowded cities. Many people could not find good housing, schools, or police protection.
What were three positive effects of industrialization?
The Industrial Revolution had many positive effects. Among those was an
increase in wealth, the production of goods, and the standard of living
. People had access to healthier diets, better housing, and cheaper goods. In addition, education increased during the Industrial Revolution.
What are some benefits to private ownership select three answers?
Select three answers.
Private ownership provides offices for government workers. Private ownership provides land or goods for all citizens to use. Private ownership can make it possible for a business to earn money.
Which statement best explains the role of producers in economics quizlet?
Which statement best explains the role of producers in economics?
Producers supply goods and services
.
How do economists use data check all?
They use various statistical measures of data that
help them in predicting the probability of the rise or fall in production
or any other aspect like the job loss or the FDI and many aspects of the economy.
Which best describes a difference between the view of Milton Friedman?
Which best describes a difference between the views of Milton Friedman and John Maynard Keynes on the economy? …
Friedman said that monetary policy should be used to influence aggregate demand
, while Keynes believed the best approach was fiscal policy.
Which best describes the idea behind the invisible hand quizlet?
Which best describes the idea behind the “invisible hand”?
Individuals seeking their own self interest benefit the economy as a whole
. … Keynes said government was the key to solving economic issues, while Smith believed government should take a hands-off approach.
Which statement is a description of a free enterprise economy?
Free enterprise, or the free market, refers to an
economy where the market determines prices, products, and services rather than the government
. Businesses and services are free of government control.
What are the signs of low inflation check?
When inflation is low, it means that
the price increases happen but at a slow pace
. It also reduces the severity of the crisis and recessions, as the labor market will be able to adjust faster in a downturn…. Demand steadily rises. Prices continue to increase.
What might happen if an economy is unable to produce wanted goods and services?
If an economy is unable to produce wanted goods and services, then
the people will look elsewhere for them
. If a demand is not fulfilled by the current economy, the customers will go where their demand is fulfilled. Therefore, an economy must fulfill the demand of the customers and produce wanted goods and services.
Which is an effect of stagflation?
Stagflation results in three things: high inflation, stagnation, and unemployment. In other words, stagflation creates an
economy characterized by quickly rising prices and no economic growth
(and possibly an economic contraction), which brings about high unemployment.
