| expenditures, spending domestic prices income investment competition circular flow of income price competition | shortage unit tax money market labor market , product market resource market , price maker , price taker financial markets stock market |
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13. What are the essential features of the Marxian ideology on which the command economy is based?
14. In the circular-flow-of-income model:
a)what two markets are involved?
b)what roles do households play in each of these markets?
c)what roles do business play in each of these markets?
15. What is meant when it is said that competition is the mechanism which,,controls the market system? How does competition do this?
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2. If the circular flow model businesses:
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b) supply both products and resources;
c) demand products and supply resoorces;
d) supply products and demand resources.
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7. Which of the following is not a characteristic of competition as the economist sees it:
) the widespread diffusion of economic power;
b) a large number of buyers in product markets;
c) just several sellers of all products;
d) the relatively easy entry in to and exit of producers from industries.
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1. : . ϳ. . 1 / . . . . .: , 2009. .153-183.
2. . ϳ / . . . : 2000, 2006. .176-209.
3. : . ϳ / . . . . .: , 2008, . 201 211; 233 264.
