Which of the following is one common criticism of capitalism?
a. Poor product quality and little product diversity.
b. Inefficiency of nationalized industries.
c. Inability to adjust quickly to changing economic conditions.
d. Inadequate environmental protection.
d
You might also like to view...
Cyclical unemployment includes people who become unemployed from
A) normal labor market turnover. B) changes in the seasons. C) changes in international competition. D) technological changes. E) changes in the business cycle.
Obstacles in achieving efficiency in a market include
A) public goods. B) the presence of an external cost or benefit. C) competition. D) Both answers A and C are correct. E) Both answers A and B are correct.
Which of the following countries have used adjustments to the required reserve ratio as a primary tool of monetary policy?
A. United States B. China C. Mexico D. India
Which of the following programs is not included in the federal income security spending?
a. Social Security b. welfare c. education d. unemployment compensation