__________ sees the entrepreneur as an exploiter of labor.
A. Joseph Schumpeter
B. Frank Knight
C. Henry George
D. Karl Marx
D. Karl Marx
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An employee in a department store often steals goods when other employees are not around. Because the store does not have a surveillance camera, the store manager is unable to monitor his activities. This behavior is an example of ________
A) adverse selection B) moral hazard C) internalization of externalities D) the paradox of thrift
A major contributor to a country's real rate of economic growth is its real GDP growth relative to its
A) inflation. B) unemployment rate. C) money growth. D) none of the above.
The demand for luxurious goods are usually unaffected by an increase in income
a. True b. False Indicate whether the statement is true or false
When the inflation rate is expected to be zero, Steve plans to lend money if the interest rate is at least 4% a year and Cindy plans to borrow money if the interest is no more than 4% a year. Steve and Cindy make a loan agreement for one year at an interest rate of 4% a year when the inflation rate is zero. But if Steve and Cindy expect an inflation rate of 1% a year, they would be willing to make a loan agreement at ... % a year
What will be an ideal response?