Ch 5 Econ

Question 1

Extensive growth

Answer 1

Based on more labor, capital, resources

Question 2

Intensive growth

Answer 2

Leans on the power of tech

Question 3

Libriterian fairness

Answer 3

Garante right to own and freely use property

Question 4

Rising debt…

Answer 4

Consumption and investment

Question 5

Robert Morris went into debt bc

Answer 5

He purchases more land than he could afford

Question 6

What appreciates in value

Answer 6

Antiques and art

Question 7

Capital goods

Answer 7

products used by a business to produce consumer or other capital goods

Question 8

Consumer goods

Answer 8

products used by consumers