Extractive economic institutions are:
A) likely to prevent entrepreneurs with new ideas from entering into the right line of business.
B) likely to encourage entrepreneurs with new ideas from entering into the right line of business.
C) found only in market economies.
D) found only in command economies.
A
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For open economies,
A) S = I. B) S = I + CA. C) S = I - CA. D) S > I + CA. E) S < I + CA.
________ markets transfer funds from people who have an excess of available funds to people who have a shortage
A) Commodity B) Fund-available C) Financial D) Derivative exchange
Price ceilings are imposed if the government believes:
a. the market will not achieve an equilibrium price. b. the market equilibrium price is too low. c. an excess supply of the product exists. d. the market equilibrium price is too high. e. the demand will be less than the supply of the product.
Discuss the historic increases and decreases in unionism in the United States and how it affects current labor relations today