In the socialist controversy
a. Marx demonstrated the superiority of capitalism
b. Marx demonstrated the superiority of socialism
c. Keynes showed that capitalism was unstable
d. Hayek and Mises argued that socialism would be inefficient
e. Kornai talked about soft budgets
D
Economics
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GDP does count:
a. state and local government purchases. b. spending for new homes. c. changes in inventories. d. none of these.
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The commercial jetliner industry consisting of Boeing and Airbus would best be described as a (an)
a. perfectly competitive market. b. monopolistically competitive market. c. oligopoly. d. monopoly.
Economics