Based on the Index of Economic Freedom provided by the Heritage Foundation, which of the following nations is considered least free?
A. Japan.
B. Argentina.
C. New Zealand.
D. Colombia.
Answer: B
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One reason for diseconomies of scale is that, at very large scales, management systems can become
A) more efficient because they can effectively manage more workers. B) increasingly complex and inefficient. C) more numerous than the workers they manage. D) none of the above.
The marginal propensity to consume is
a. disposable income divided by consumption. b. the change in consumption divided by the change in disposable income. c. consumption divided by disposable income. d. the change in disposable income divided by the change in consumption.
If demand is perfectly inelastic, the demand curve is vertical, and the price elasticity of demand equals 0
a. True b. False Indicate whether the statement is true or false
The Marxist view would say that there is an overproduction of goods by the private sector.
A. True B. False C. Uncertain