People systematically overestimate the strength of positive and negative gut feelings.

Answer the following statement true (T) or false (F)


False

Economics

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In a market economy, what specifies the terms of exchange, facilitating exchange between strangers?

A) contracts B) insurance C) patents D) accounting rules

Economics

The adjustment of the ____________ is the rationing mechanism in market economies.

A. price B. competition C. government D. None of the choices are correct.

Economics

When a firm operates under conditions of monopoly, its price is

a. not constrained. b. constrained by marginal cost. c. constrained by demand. d. constrained only by its social agenda.

Economics

Karl Marx and Friedrich Engels believed that after the capitalists were overthrown, eventually

A. the state would get stronger. B. the state would wither away. C. the capitalists would regain power. D. a fascist state would emerge.

Economics