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Flashcards in Foreword and Preface Deck (3)
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1

we can't have full production with out full employment but we can surely have full employment without full production. Our focus must always be on _____ and _____.

we can't have full production with out full employment but we can surely have full employment without full production. Our focus must always be on growth and production.

2

the art of economics consist in looking not merely at the immediate but at the longer effects of any _____ or _____; it consist in tracing the consequences of that _____ not merely for one group but for all groups.

the art of economics consist in looking not merely at the immediate but at the longer effects of any act or policy; it consist in tracing the consequences of that policy not merely for one group but for all groups.

3

why is the governing system in every country based on so many fallicies around economics?

every goverment's economic policies are influenced if not almost wholy determined on the false premises taught in the learning institutions