Which is true about the means of production?
A. Under capitalism it is privately owned, and under fascism it is owned by the government.
B. Under fascism it is privately owned, and under capitalism it is owned by the government.
C. Under both capitalism and fascism it is owned by the government.
D. Under capitalism and fascism it is privately owned.
D. Under capitalism and fascism it is privately owned.
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All of the following statements regarding the marginal revenue product (MRP) curve and the demand for labor are true EXCEPT
A) an individual firm's demand for labor is its MRP curve. B) under conditions of perfect competition, MRP equals marginal physical product multiplied by the product's price. C) an increase in the market demand for a given product decreases the product's price. D) the demand for labor is a derived demand.
The business sector in the United States has the most influence on
a. primary education. b. on-the-job training. c. teacher training. d. higher education.
If the explained sum of squares is 35 and the total sum of squares is 49, what is the residual sum of squares?
A. 10 B. 12 C. 18 D. 14
In the highly competitive setting in which oligopoly firms operate, which of the following are considered to be typical temptations for firms?
A. to cooperate to generate and then divide up monopoly-like profits B. to cooperate to mutually decide what price to charge C. to cooperate to make decisions about what quantity to produce D. all of the above