SOCIAL SCIENCES Flashcards
1
Q
An individual should have complete control of what to consume
A
To strengthen economic freedom
2
Q
Efficiency is producing more output with the use of less resources
A
Promote economic efficiency
3
Q
Stability means there is no violent ups and downs in the economy.
A
Promote economic stability
4
Q
Refers to the ability of people to meet their needs consistently
A
To improve economic security
5
Q
Economic growth must be higher than the population growth
A
Attaining a high level of growth in the economy
6
Q
__________ is the ability to produce more with less resources
A
Efficiency
7
Q
_________ means there is no violent ups and downs in the economy
A
Stability
8
Q
________ means that the capacity to produce goods is increasing more rapidly than the population
A
Economic growth
