In theory, ___________ advocates the abolition of private property.
A. Capitalism
B. Communism
C. Socialism
D. Fascism
B. Communism
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Product-specific services are most likely to be valuable for which of the following goods?
A) a box of 50 legal notepads B) a box of paper clips C) a stapler D) an office copying machine
Jane spends 85% of her income each year, even though she knows she should be saving 20% for retirement. Jane's behavior indicates that her behavior tends to be
a. irrational. b. inconsistent over time. c. satisficing rather than maximizing. d. undefined.
Countries that are authoritarian in nature ______.
a. can pursue policies to increase economic growth b. seldom achieve meaningful economic growth c. become more democratic as their economies grow d. are not interested in economic growth
GDP per capita is:
A. the amount of GDP produced per unit of capital equipment. B. GDP divided by the total population. C. the amount of GDP produced by an individual state. D. GDP multiplied by the total population.