Matching Pair

a. German Historical School b. Protestantism c. Methodenstreit d. Holy Alliance of 1815

e. Duopoly Theory f. Consumer Surplus g. Location Theory h. Marginal Revenue

i. Marginal Productivity j. Socialist of the Chair

_____ thecoalition linking the monarchist great powers of Russia, Austria and Prussia.

_____a model of imperfect competition in which two firms with identical cost functions compete with homogeneous products in a static setting.

_____Applied, at first in ridicule, to a group of German political economists who advocated state aid for the betterment of the working classes.

_____ a school of economic thought led by List, Roscher, Schmoller and Weber.

_____This debate concerned the place of general theory in social science and the use of history in explaining the dynamics of human action. It also touched on policy and political issues, including the roles of the individual and state.

_____ where Capitalism was the result, rather than the cause of the Reformation, whichcontained elements of individualist economic activity undertaken for profit.

_____ on a per unit basis, the difference between each unit's marginal utility and price.

_____ in a perfectly competitive market, the additional revenue generated by selling an additional unit of a good is equal to the price the firm is able to charge the buyer of the good.

_____ This micro theoryhas become an integral part of economic geography, regional science, and spatial economics. The theory addresses questions of what economic activities are where and why.

_____refers to the extra output yielded by advantages from production inputs. Inputs include labor and raw materials.