What are the major problems that will tend to arise if there are legal limits on the movement of prices?
a. favoritism and corruption of officials and market participants
b. unenforceability of laws and higher costs of transactions
c. increasing restrictions to enforce the laws
d. misallocation of resources as prices no longer correspond to costs
e. All of the above are correct.
e
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By the 18th century, the bulk of world output was produced in:
a. Asia b. Africa c. Europe d. The Asian offshoots e. none of the above
One of the principles of conscious capitalism is to be shareholder-centric.
a. true b. false
Refer to the information provided in Table 22.1 below to answer the question(s) that follow. Table 22.1
Refer to Table 22.1. The labor-force participation rate is
A. 66.7%. B. 75.0%. C. 77.8%. D. 80.9%.
Comment on the following statement: "When a firm retains earnings for investment purposes, it is actually saving on behalf of its shareholders."
What will be an ideal response?