The form of economic organization in which individuals may own private property but in which the government owns and operates productive resources is called

According to Classical economists, investment is __________ related to the __________

A) directly; interest rate B) directly; level of GDP C) inversely; interest rate D) inversely; level of GDP

Apple Computer is more likely to continue to use input markets rather than manufacture its own inputs internally when

a. the quality of inputs is difficult to determine b. switching among input suppliers is easy c. there are very few firms producing the input d. the input is difficult to identify and define e. transaction costs go up