What might happen in a traditional economic system if the generational and ancestral skills and customs were lost?

•favored a limited national government • opposed a national bank • was supported primarily by farmers, artisans and skilled workers the box above best describes which political party that was formed in the united states in the 1790s? a. democratic-republican b. whig c. populist d. federalist

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.

List one personal value and explain why it’s important to you