Free market capitalism Study guides, Revision notes & Summaries

Tli 152 Exam Questions Correctly Answered 2024. If Congress passes an economic stimulus package that includes government spending on roads, bridges, and water purification systems, along with substantial tax cuts for most U.S. workers, this reflects a belief in - CORRECT ANSWER Keynesian economic theory. Free-market capitalism includes four basic rights: the right to own property, the right to own a business and keep the profits; the right to freedom of choice; and the right to - CORRECT...

MIE 201 Test 1 Makanui 100% Correct Solved business - Correct Answer ️️ -individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Correct Answer ️️ -a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Correct Answer ️️ -the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Correct Answer ️️...

1) The recent global economic crisis has led to which of the following? A) governments seeking to impose more constraints on capitalism B) governments seeking to eliminate constraints on capitalism C) governments seeking to increase the interdependence of developing economies D) governments seeking to eliminate the interdependence of developing economies : A) governments seeking to impose more constraints on capitalism 2) Which of the following is most likely a true statement about the glo...

Hayek - The Use of Knowledge in Society - ANSWER -Complexity of pricing is so complex no person can determine it. -Argued that decision-making must be decentralized to take into account this dispersed knowledge -No one person is as knowledgeable as all of us together. -Markets provide a systemic process that allows us to pool our individual knowledge. -Business people make decisions using price signals. -Price signals allow for sophisticated coordination even when individuals have never me...

The American financial community's near collapse in late 2008 had been most directly ignited by the subprime mortgage-crisis - True Capitalism in American was built on the strong philosophical foundation of personal freedom and private property rights - True Democratic capitalism and state capitalism trade with each other for mutual advantage but are economic and political rivals - True Capitalism features economic cooperation and varying degrees of centralized control - False The term c...

Which of the following creates competition for finite resources, thereby forcing trade-offs by participants in the economy? A) Redundancy B) Scarcity C) Opportunity costs D) Free market systems E) Planned systems - Answer- Scarcity The value given up when a different opportunity was pursued is referred to as ________. A) opportunity cost B) factors of production C) scarcity value D) finite supply E) affordability - Answer- Opportunity Cost What is gross domestic product? A) Prod...

STSC 168 Exam 1 || Questions & Answers (100% Verified) STSC 168 Exam 1 || Questions & Answers (100% Verified) Raymond Williams "Ideas of Nature" 1980 - ANSWER - does nature include humans? to know nature was to know God. nature and god became divided as a species we want to intervene and we desire nature is separate from man we do not know nature or appreciate its changing conditions William Cronon "The Trouble with Wilderness: Or, Getting Back to the Wrong Nature" 1996 - ANS...

business - Answer-individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Answer-a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Answer-the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Answer-organizations that may provide goods or services but do not have the fundamental purpose of earning profi...

Greater demand for inexpensive products and various services are characteristics of what? - Answerconsumer society The Sherman Antitrust Act was to put an end to what form of capitalism? - Answer-monopoly capitalism What kind of economy is based only on the use value of goods? - Answer-subsistence economy High inequality results in what form of capitalism? - Answer-corporate capitalism The former Soviet Union established an economy of what kind? - Answer-state bureaucratic socialism What is...

stsc 168 exam I Questions and Answers 100% Pass Raymond Williams "Ideas of Nature" 1980 - Correct Answer ️️ -does nature include humans? to know nature was to know god nature and god became divided as a species we want to intervene and we desire nature is separate from man we do not know nature or appreciate its changing conditions William Cronon "The Trouble with Wilderness: Or, Getting Back to the Wrong Nature" 1996 - Correct Answer ️️ -honor the wild respect use and no...