In a perfectly competitive market, the driving force behind long-run economic change is
a. government intervention
b. employment
c. economic profit or loss
d. management
e. altruism
C
You might also like to view...
Over coffee in the cafeteria Susan stated that the university should be run like a profit- seeking corporation. Sam correctly pointed out that she had made a ____________ statement, as Professor McSnerd had described in their economics class
a. ceteris paribus conjunctive b. normative c. macroeconomic d. positive e. microeconomic
Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as "unemployed" she
a. does not have to have looked for work. b. must have looked for work no more than a week ago. c. must have looked for work no more than four weeks ago. d. must have looked for work no more than twelve weeks ago.