Match the Person or Term with the with the Correct

question 31

Multiple Choice

Match the person or term with the with the correct description.
-Robert and Helen Lynd

• A)moving assembly line
• B)Meyer v.Nebraska
• C)The Man Nobody Knows
• D)Harlem Renaissance
• E)Middletown
• F)theory of evolution
• G)anarchists
• H)Catholic presidential candidate
• I)Jewish factory manager
• J)Supreme Court justice
• K)ERA
• L)Teapot Dome scandal

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Definitions:

Opportunity Cost

Surrendering the potential for benefits from different routes when opting for a specific path.

Production Possibilities Frontier

A chart illustrating the maximum production potential for two or more items, considering a specific amount of inputs.

Positive Statement

An objective and fact-based statement or claim that describes how the world actually is, as opposed to what it should be, often used in economic analysis.

Normative Statement

A value judgment that expresses an opinion or belief about what ought to be, rather than statements of fact.