Which statement is true?
A. Frank Knight believed that capital is surplus value that has been stolen from the worker.
B. Joseph Schumpeter believed that risk-bearing is no part of the entrepreneurial function.
C. Karl Marx believed that profits were the capitalist's reward for innovation.
D. None of the statements are true.
B. Joseph Schumpeter believed that risk-bearing is no part of the entrepreneurial function.
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Some people will often remark that the used car market is a counter-cyclical business,meaning that the fortunes of the business tend to move in the opposite direction of the health of the economy
Why might this be true and what conclusion can you make about what kind of a good used cars would be classified as economically speaking?
All of the following are examples of public goods except
A) clean water systems. B) stock of knowledge in the public domain. C) crime prevention. D) broadcast television with commercials.
Everything else held constant, which of the following does NOT cause aggregate demand to increase?
A) an increase in net exports B) an increase in government spending C) an increase in taxes D) an increase in consumer optimism
An increase in fiscal deficit spending financed by borrowing will increase the national debt
a. True b. False Indicate whether the statement is true or false