______ is the idea that punishments should make criminals pay for what they have done wrong (eye for an eye/revenge)
retribution
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10
Who believed that capitalism exploited workers, and they would eventually revolt to overthrow capitalism and create a classless, stateless society with no private ownership?
Karl Marx
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15
A situation in which quantity supplied is greater than quantity demanded is called a ________
surplus
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10
What book did Adam Smith write in 1776?
Wealth of Nations
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5
Give one example of something that is in in the factor market
capital, labour, land, entrepreneurship
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5
Give one example of something that is found in the product market
teacher to accept any correct answer
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15
What does CSPO stand for?
Certified Sustainable Palm Oil
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5
_______ is an economic and governmental system based on public ownership of the means of production and exchange.
socialism
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10
President Franklin Roosevelt implemented this program to combat economic depression which enacted a number of social insurance measures and used government spending to stimulate the economy
New Deal
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10
______ are principles of right and wrong behaviour. There is a value judgment here made by individuals or society. _____ are rules of behaviour based on ideas about what is morally good and bad
morals, ethics
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baam
Lose 25 points!
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gift
Win 15 points!
Okay!
gift
Win 10 points!
Okay!
thief
Give points!
5
10
15
20
25
5
_______ is an economic system based on private ownership of capital.