In Ruskin's fictitious economy involving two producers and a merchant, the wealth of the economy was less than it might have otherwise been for which of the following reasons?

a. The producers were forced to compete against one another
b. The merchant manipulated the market for his own enrichment
c. The producers withheld production to force the merchant to lower his prices
d. There was a drought

b

Business

You might also like to view...

Employees' belief that they have some degree of control over their work is referred to as __________

a. personalized power b. psychological empowerment c. e-leadership d. referent power

Business

Many companies that are active in the 19 nations of the euro zone are adjusting to the new cross-border transparency of prices

Indicate whether the statement is true or false

Business