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14 Cards in this Set

  • Front
  • Back
Process of making choices is a focal point?
Economics
Whereas ____ are fundamental for survival, the ______ are important for a decent living?
Needs and Wants
When you choose to buy something, your opportunity cost is the one that ?
you do not buy
The process of globalization involves
outsourcing manufacturing, using services of people from other countries, free trade and reduction of tariff
Adam smith "Invisible hand" refers to ?
law of supply and demand
Marx belived?
abolition of private property, unity of workers, abolition of capitalism
Laissez faire implies ___
NOT govt should take over all business, regulate all business, not interfere in business and industries
Welfare states?
England, Canada, Sweden
5 perm members of Security council..who is not
Germany
How many delegates can each country send to UN General Assembley?
5
Most Zoroastrians live in
India
Hinduism is a monotheistic religion?
ploytheistic
Hindu caste system is a good example of Endogamy?
True
First Communist Revolution took place is what year?
1917