Ch 5 Econ Flashcards
1
Q
Extensive growth
A
Based on more labor, capital, resources
2
Q
Intensive growth
A
Leans on the power of tech
3
Q
Libriterian fairness
A
Garante right to own and freely use property
4
Q
Rising debt…
A
Consumption and investment
5
Q
Robert Morris went into debt bc
A
He purchases more land than he could afford
6
Q
What appreciates in value
A
Antiques and art
7
Q
Capital goods
A
products used by a business to produce consumer or other capital goods
8
Q
Consumer goods
A
products used by consumers
