Communist theory calls for each of the following except
A. the abolition of private property.
B. from each according to his ability, to each according to his needs.
C. the free operation of the forces of demand and supply.
D. the means of production owned by the government and/or by the workers.
C. the free operation of the forces of demand and supply.
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An ATS account
A) converts a corporation's checking account balance at the end of the day into an overnight repurchase agreement. B) is the name given to NOW accounts outside of New England. C) are negotiable certificates of deposit of less than $100,000. D) were used during the Great Depression by depositors who had lost faith in conventional checking accounts.
The implementation of the assembly line is an example how
A) changes in the organization of production improve productivity. B) neutral technical change improves productivity. C) non-neutral technical change can decrease productivity. D) labor saving technical change increases economy-wide unemployment.