Karl Marx believed that the entrepreneur derived his profit from __________________.
Fill in the blank(s) with the appropriate word(s).
exploiting labor
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A 2 percent wage increase for teachers or police officers
A. is usually offset by higher output per worker. B. leads to increases in municipal budgets. C. indicates that teachers and police have become more selfish. D. leads to more personalized service.
The steam engine was one of the basic innovations of the ____, which began in England around the year ____.
Fill in the blank(s) with the appropriate word(s).
Tolls that drivers pay to use toll roads, the fares that riders pay on buses and trains, and the tuition that students pay at public universities are examples of the government making a good (Click to select)
a. rival b. nonexcludable c. nonrival d. excludable
When oligopolistic companies engage in collusion, the companies are involved in a
A. noncooperative game. B. competitive game. C. cooperative game. D. negative-sum game.