All of the following are critical functions of the government in facilitating the operation of a market economy except
A) protecting private property.
B) enforcing property rights.
C) ensuring an equal distribution of income to all citizens.
D) enforcing contracts.
Answer: C
Economics
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Suppose a new cost-saving device will generate $1,000 net savings per year to a firm. The device costs $10,000. Should the firm purchase the device?
A) Definitely. B) Absolutely not. C) The firm is indifferent between buying the device and not. D) More information is required to answer.
Economics
The first major decision in job analysis is _____.
A. how to collect information B. who to involve C. what information is needed D. why perform job analysis
Economics