In the economic way of thinking, capital contributes to
A) the exploitation of labor.
B) wealth.
C) greed.
D) macroeconomic inefficiency.
E) none of the above.
B
You might also like to view...
The labor supply curve has a
A) positive slope always. B) negative slope if the income effect is greater than the substitution effect. C) positive slope if the income effect is greater than the substitution effect. D) negative slope always.
The Monetarists advocate the monetary rule in order to stabilize the business cycle which states that the money supply should be decreased by a constant rate year after year
a. True b. False Indicate whether the statement is true or false
An empty core is more likely if the individuals in a group own highly complementary resources
Indicate whether the statement is true or false
Which of the following statements is correct?
a. Public ownership is preferred to regulation in order to minimize the deadweight losses associated with natural monopolies. b. Antitrust laws are always the best way to limit monopoly power. c. It is possible that the best approach to monopolies is for the government to do nothing. d. Marginal-cost pricing requires a natural monopoly to earn zero economic profits.