The assertion "capital is productive, but the ownership of capital is not," assumes the efficient use of resources
A) is different from technological efficiency and more difficult to achieve.
B) is no more likely under one ownership arrangement than another.
C) may be significantly affected by transferring ownership from private to public hands.
D) sometimes is affected by transferring ownership from public to private hands.
B
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What is Rawlsian justice?
What will be an ideal response?
Any commonly accepted good that acts as a medium of exchange, a measure of value, and a store of value is known as
a. money b. currency c. acquisitive d. fiat e. M1
Two inputs ______ when they must be combined in a fixed ratio.
A. are perfect substitutes B. are perfect complements C. represent Cobb-Douglas technology D. are fixed inputs
Give an example of a scenario that combines positive analysis and normative analysis.
What will be an ideal response?